Dollar hits fresh lows as Trump attacks threaten Fed credibility

Dollar hits fresh lows as Trump attacks threaten Fed credibility

Source: EODHD - https://www.investing.com/news/economy-news/dollar-hits-fresh-lows-as-trump-attacks-threaten-fed-credibility-4111617
Published: Jun 25, 2025 8:45 PM

By Wayne Cole SYDNEY (Reuters) -The dollar eased to a fresh 3-1/2-year low on the euro on Thursday as concerns about the future independence of the U.S. Federal Reserve undermined faith in the soundness of the country’s monetary policy. According to a Wall Street Journal report, U.S. President Donald Trump had toyed with the idea of selecting and announcing Federal Reserve Chair Jerome Powell’s replacement by September or October, aiming to undermine his position. "Markets are likely to bristle at any early move to name Powell’s successor, particularly if the decision appears politically motivated," said Kieran Williams, head of Asia FX at InTouch Capital Markets. "The move would raise quest...

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.