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Dollar Moves Higher as President Trump Eases Criticism of Fed Chair Powell

Foreign Exchange & Fixed Income

Rich Asplund

·

July 25, 2025

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Barchart

The dollar index (DXY00 ) on Friday rose by +0.30%. The dollar rose Friday 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. On the negative side was Friday’s...

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