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US dollar, longer-dated Treasuries slide as Trump escalates attack on Fed; gold rises
The dollar and longer-dated U.S. Treasuries slid on Tuesday after President Donald Trump announced he was firing a Federal Reserve governor, an unprecedented move that further undermines confidence in the Fed’s independence and U.S. assets. The U.S. currency fell against the yen and euro after Trump said he was removing Lisa Cook from her position on the Fed’s board of directors, citing allegations of improprieties in obtaining mortgage loans and escalating the president’s battle against the central bank. Stock markets in Asia followed declines on Wall Street as the news muddied the outlook for Fed policy and ... (full story)
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- Aug 26, 2025 12:37am Posted byFundamental Analysis35,570
