From Financial Modeling Prep.: 2025-04-21 03:09:00

Most Asian currencies surged as the U.S. dollar hit a three-year low after President Trump’s remarks on Federal Reserve leadership. China’s decision to maintain loan prime rates also influenced markets.

The U.S. Dollar Index dropped 1.2% to 98.18, the lowest since March 2022. White House adviser Kevin Hassett confirmed Trump is considering removing Fed Chair Jerome Powell.

Major currency movements saw the Japanese Yen fall by 1.1% and the Australian Dollar rise by 0.8%. China held its one-year Loan Prime Rate at 3.10% amidst tariff uncertainty.

Concerns over Fed independence and tariff uncertainty are driving market moves. China’s stable rates contrast with inflation risks in Japan and the Fed’s hawkish signals.

For real-time forex data on major currency pairs, volumes, and percentage changes, utilize the Forex Daily API from Financial Modeling Prep for navigating market volatility and policy-driven shifts.



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