Reported about 20 hours ago
The U.S. dollar plummeted as fears grew regarding President Trump's influence on the Federal Reserve's independence. Following Trump's remarks about potentially firing Fed Chair Jerome Powell, the dollar reached a decade-low against the Swiss franc and a seven-month low against the yen, while the euro soared to a three-year high. Market analysts suggest that even the threat of undermining the Fed's autonomy has shaken confidence in the dollar.
Source: YAHOO