Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
21 April | Dollar

Dollar hits January 2024 low amid Fed independence concerns — Bloomberg

GBPUSD
AUDUSD
EURUSD
USDJPY
USDCAD
Dollar hits January 2024 low amid Fed independence concerns — Bloomberg

The US dollar fell to its weakest level since January 2024 as investors sold American assets following reports that President Donald Trump is considering firing Federal Reserve (Fed) Chair Jerome Powell. US stocks dropped 1%, while Treasury yields rose, Bloomberg data showed.

Kevin Hassett, director of the US National Economic Council, confirmed the possibility of Powell’s removal as central bank chief before his term ends, heightening concerns over the Fed’s independence. Analysts warn that such a move could erode confidence in the dollar and US markets.

The yen and euro gained against the weakening dollar, with strategists such as Win Thin of Brown Brothers Harriman forecasting further declines. Trade tensions fueled by Trump’s tariff policies were cited as a key factor in the dollar’s slump.

Elena Dorokhina MarketCheese

Recommended

Japan. Manufacturing PMI. The value of the indicator has increased from 48.7 to 49.7
29 minutes ago
Canada. CPI (YoY). The value of the indicator remained at the same level of 2.2%
Yesterday at 1:30 PM
Australia. CFTC AUD speculative net positions. The value of the indicator has decreased from -71.6K to -75.9K
12 December
Canada. CFTC CAD speculative net positions. The value of the indicator has increased from -159.5K to -149.1K
12 December
United Kingdom. CFTC GBP speculative net positions. The value of the indicator has decreased from -55K to -79.3K
12 December
Top news
United States. Trade Balance. The value of the indicator has increased from $-59.3B to $-52.8B
11 December
Switzerland. SNB Interest Rate Decision. The value of the indicator remained at the same level of 0%
11 December
United States. Fed Interest Rate Decision. The value of the indicator has decreased from 4% to 3.75%
10 December
Canada. BoC Interest Rate Decision. The value of the indicator remained at the same level of 2.25%
10 December
Australia. RBA Interest Rate Decision. The value of the indicator remained at the same level of 3.6%
9 December
All news

Forecasts

NVIDIA Corporation sell
Period: 31.01.2026 Expectation: 1700 pips
NVIDIA selloff ahead of correction
FA Other Chart analysis
Yesterday at 11:57 AM 19
McCarthy_Raymond
Gold buy
Period: 24.12.2025 Expectation: 6000 pips
Gold eyes break above $4,400 by year-end
FA Other Indicators Chart analysis
Yesterday at 11:16 AM 45
Tom_Kern
S&P 500 buy
Period: 22.12.2025 Expectation: 790 pips
SPX attempts to recover following correction
Technical analysis TA Other FA Other Indicators Fundamental analysis
Yesterday at 09:01 AM 22
Lyra_Moonwell1
EURUSD sell
Period: 19.12.2025 Expectation: 260 pips
Selling EURUSD down to 1.17070
Indicators and reports Chart analysis
Yesterday at 08:21 AM 18
Bruce_Powers
Silver buy
Period: 22.12.2025 Expectation: 2400 pips
Silver set to continue its rally after taking little breather
Technical analysis FA Other Indicators Fundamental analysis
Yesterday at 07:47 AM 28
Emily_Foster
AUDCAD sell
Period: 19.12.2025 Expectation: 550 pips
AUDCAD trapped in consolidation zone
Technical analysis TA Other FA Other Indicators Fundamental analysis
12 December 2025 59
Lyra_Moonwell1
Go to forecasts