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Dollar Gains as President Trump Downplays Rift with Fed Chair Powell

Foreign Exchange & Fixed Income

Rich Asplund

·

July 25, 2025

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Barchart

The dollar index (DXY00 ) today is up by +0.35%. The dollar is climbing today on comments made late Thursday from President Trump that firing Fed Chair Powell wasn't necessary, easing concerns around the Fed's independence that could spark foreign investors to shun dollar assets. Higher T-note yields today are...

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