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Dollar Tumbles and Gold Soars to a Record High on Concern Over Fed Independence

Foreign Exchange & Fixed Income

Rich Asplund

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April 21, 2025

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Barchart

The dollar index (DXY00 ) today is down -0.94% and fell to a new 3-year low. The dollar is selling off today on a renewed crisis of confidence in the dollar after National Economic Council Director Hassett said President Trump was contemplating the possibility of firing Fed Chair Powell. The...

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