The dollar saw its biggest decline in almost three weeks after the Federal Reserve faced grand jury subpoenas, raising concerns about political interference in monetary policy. Fed Chair Jerome Powell disclosed the subpoenas, which threaten criminal charges related to his testimony on headquarter renovations. President Trump’s pressure for rate cuts has sparked worries about Fed independence. Analysts predict traders will bet against the dollar as uncertainty grows. Trust in the dollar as the world’s reserve currency is at risk if political leaders influence central banks. Despite concerns, some experts remain positive about the greenback’s long-term outlook.

Read more at Yahoo Finance: Dollar Drops Most in Three Weeks as Fed Gets Subpoenas