U.S. economic data is mixed, and Trump may intervene in Federal Reserve (FED) policy ahead of time.

[Coin World] The U.S. economy remains resilient after a contraction in the first quarter that was greater than previously expected. Durable goods orders rose by 16.4% in May, while weekly jobless claims increased moderately by 236,000. The GDP contracted by 0.5% in the first quarter, rather than the previously expected 0.2%. As the independence of The Federal Reserve (FED) is under threat, the dollar has maintained its overnight downward trajectory. The Wall Street Journal reported that Trump may appoint a successor to Chairman Powell earlier than usual to weaken the current hawkish stance. An analyst wrote: "Such a direct attempt to influence the FED will not be welcomed by investors."