Dollar tumbles as Trump’s Fed pressure stokes investor jitters
Listen to article The US dollar tumbled on Monday as investor concerns mounted over the Federal Reserve’s independence, following fresh comments from President Donald Trump suggesting he may attempt to remove Fed Chair Jerome Powell. The greenback fell sharply across global currency markets, hitting a 10-year low against the Swiss franc and sliding to a seven-month low versus the yen. The euro surged to its highest level in three years, while emerging market currencies also gained ground. The market reaction followed remarks from White House economic adviser Kevin Hassett, who confirmed the...