๐Ÿ“‰ Dollar Weakens on Trumpโ€™s Fed Shock ๐Ÿ’ต


The U.S. dollar fell as Trump moved to fire Fed Governor Lisa Cook, raising fears about central bank independence.


๐Ÿ”‘ Key Moves:




๐Ÿ‡ช๐Ÿ‡บ Euro โ†‘ 0.37% โ†’ $1.1664




๐Ÿ‡ฌ๐Ÿ‡ง Pound โ†‘ 0.24% โ†’ $1.3486




๐Ÿ‡ฏ๐Ÿ‡ต Yen โ†“ 0.13% โ†’ 147.57/USD




๐Ÿ‡จ๐Ÿ‡ญ Swiss Franc โ†‘ 0.24% โ†’ $0.8040/USD




๐Ÿ“Š Dollar Index =USD โ†“ 0.33% โ†’ 98.15




๐Ÿ’ก Market Take:




Investors cautious about Fed independence โš–๏ธ




Traders pricing 86% chance of Fed rate cut in September ๐Ÿ“‰




Morgan Stanley joins calls for easing




๐ŸŒ Ripple Effects:




๐Ÿ‡ซ๐Ÿ‡ท French bond yields spike โ†’ Political instability adds to global jitters




๐Ÿ“‰ U.S., U.K., Japan bond markets also hit




๐Ÿ”— Crypto rebound: BTC $110.2K (+0.57%) | ETH $4,504 (+3.34%)




๐Ÿ“Œ Quote:

"Unpredictable actions of the administration are eroding confidence in the U.S. dollar," โ€” Uto Shinohara, Mesirow

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