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Dollar Falls on Threats to Fed Independence

Foreign Exchange & Fixed Income

Rich Asplund

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August 26, 2025

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Barchart

The dollar index (DXY00 ) today is down by -0.22%. The dollar is under pressure today over the Fed's independence after President Trump moved to fire Fed Governor Lisa Cook, citing "sufficient cause" based on allegations she made false statements on one or more mortgage loans. If Mr. Trump succeeds...

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