The US dollar index fell to around 98.6 on Monday, marking a fresh three-year low, as growing concerns over the Federal Reserve's independence weighed on sentiment. The drop followed President Donald Trump's renewed threats to dismiss Fed Chair Jerome Powell, stating last week that Powell's removal "cannot come fast enough" while pressuring the central bank to cut interest rates. The remarks added to market unease surrounding escalating trade tensions and policy uncertainty under the Trump administration. Over the weekend, Chicago Fed President Austan Goolsbee warned that tariffs could cause US economic activity to "fall off" by summer. While Washington has begun trade talks with several key partners—most notably Japan—there remains no sign of a breakthrough or direct negotiations with China. The dollar weakened broadly, posting its steepest declines against the euro, yen, and Swiss franc.
Source: Trading economi
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