Dollar sinks to 7-month low vs yen as Trump’s attacks on Fed chief unsettle traders

The U.S. dollar weakened against the yen and other major currencies due to President Trump’s criticism of the Federal Reserve and concerns over trade negotiations. Trump’s attacks on Fed Chair Powell raised doubts about the central bank’s independence, further eroding investor confidence. Trade anxieties, particularly with China, also contributed to the dollar’s decline.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *