US Dollar Weakens as White House Moves Threaten Fed Independence

From Investing.com: 2025-04-21 04:50:00

In today’s Asian session on 21 April, the US stock indices futures tumbled following the Good Friday holiday break. US President Trump renewed threats to the independence of the Federal Reserve, considering options to remove Fed Chair Powell before 2026. The Japanese yen strengthened to levels last seen in September last year, with the dollar and euro declining. Market participants are questioning US policies and the impact of potential Fed interference. Gold continued its rally, reaching a fresh all-time high of $3,385. The USD/JPY may see a minor corrective bounce before a potential downtrend resumes.



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