Dollar Struggles Amid Fed Independence Concerns and Yen Decline

Reported 1 day ago

The yen has weakened as worries grow over Japan's upcoming election and unfinalized U.S. trade tariffs, reaching a one-year low against the euro. Meanwhile, the U.S. dollar has slightly recovered after President Trump dismissed rumors of firing Federal Reserve Chair Jerome Powell, amid fears that such a move could undermine trust in the U.S. financial system. With tariffs looming and economic indicators showing a slowdown in Japan's exports, the market remains volatile.

Source: YAHOO

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