Former Chicago Mayor Rahm Emanuel has a stark warning for Democrats’ fundraising efforts as numbers start to trickle in from the second financial quarter. In an interview with the Washington Examiner,

A dovish Fed, rising inflation, and strengthening dollar impact markets. Click to read more on why long-end yields are climbing despite potential rate cuts.

Financial experts told Bloomberg that America's growing debt problems could make the dollar even weaker in coming months. Foreign investors are losing money as the Trump administration shows little concern about currency stability.

The dollar’s recent decline signals a loss of faith from global investors in the United States’ ability to honor its obligations. Harvard University’s Ken Rogoff says political dysfunction in Washington and Trump’s aggressive trade war fuel economic uncertainty and undermine America’s soft power in the world.

The dollar edged up across the board on Friday as U.S. President Donald Trump's ramped-up tariffs on Canada and other trading partners sparked a flight to safety.Trump issued a letter late on Thursday that said a 35% tariff rate on all imports from Canada would apply from August 1.

“Putin will not negotiate as a loser,” one of his longtime associates tells TIME by phone from Moscow. “He knows that winners don’t get punished, and if he wins, all of this” — the sanctions, the tariffs — “will go away.”