CoinVoice has recently learned that, according to Jin Shi Data, InTouch Capital Markets market strategist Sean Callow stated that any move by the Trump administration to dismiss Federal Reserve Chairman Powell could severely impact the dollar.

Such a move could lower short-term yields due to market expectations of appointing a more dovish chairman, and increase the risk and inflation premium on long-term U.S. Treasury bonds. There is currently no historical data to reference to assess the foreign exchange market's reaction, but he added that, in the long run, the dollar index DXY could easily drop more than 5%. [Original link]