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Dollar Falls Back on Apparent Trial Balloon for Firing Fed Chair Powell

Foreign Exchange & Fixed Income

Rich Asplund

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July 16, 2025

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Barchart

The dollar index (DXY00 ) on Wednesday rallied to a 3-week high but then backed off and ended the day down -0.21%. The dollar sold off on Wednesday after President Trump appeared to float another trial balloon regarding the potential firing of Fed Chair Powell. Mr. Trump suggested to House...

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