Breaking: US Senate votes to acquit Pres. Trump on the abuse of power charge

FXStreet Team FXStreet

The Senate has voted to acquit President Trump in his impeachment trial.

34 US senators found Trump not guilty of abusing presidential powers as charged in the impeachment trial, enough for acquittal.

In the first of two impeachment votes, the Republican-controlled Senate cleared the Republican president of Democrats' accusations that he acted improperly in withholding US security aid to Ukraine. The Senate vote was 52-48.

Senator Mitt Romney had planned to vote to convict Mr. Trump of abuse of power, becoming the first Republican to support removing Mr. Trump from office. Romney made history with a powerful speech calling the president's actions "grievously wrong" and "a flagrant assault on our electoral rights, our national security, and our fundamental values." Donald Trump Jr. is for Romney to be expelled from the Republican Party after the senator said he would vote to convict his father in the Senate impeachment trial over abuse of power.

Some Democrats have singled a desire to continue investigating Trump and pushing for more information from key aides, while some Republicans, like Sen. Lindsey Graham, hungry for Hunter Biden's blood.

The market reaction was muted as this was fully expectd.

Author

FXStreet Team

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.