Coin World news, Sean Callow, a market strategist at InTouch Capital Markets, stated that if the Trump administration fires Federal Reserve Chairman Powell, it could severely impact the US dollar. This move may lower short-term yields as the market anticipates the appointment of a more moderate chairman, and increase the risk and inflation premium on long-term US Treasury bonds. Currently, there is no historical data to assess the reaction of the foreign exchange market, but he added that in the long run, the US Dollar Index DXY could easily drop by more than 5%. [Coin World]