Dollar News (USD)

A recent CNBC poll reveals that Donald Trump's approval rating for his economic policies has hit an all-time low. For the first time in his presidency, 55% of respondents reported being unhappy with the leader’s economic management, while only 43% expressed support.

According to a study by the Federal Reserve Bank of Atlanta, the US federal workforce could shrink by around 1.2 million employees, with most cuts hitting contract and grant-funded positions.

Federal Reserve Bank of Chicago President Austan Goolsbee emphasized the importance of maintaining the US central bank’s independence. His comments came amid growing criticism from Donald Trump targeting Fed Chair Jerome Powell.

The US dollar is at its lowest level in three years due to Trump’s intentions to oust Federal Reserve chairman, which caused the deterioration of investor’s confidence in the US economy.

Chinese customs data released on Sunday showed a sharp decline in imports of liquefied natural gas (LNG) and wheat from the United States, with purchases falling to zero in March. Last year, the US accounted for 5% of China's fuel deliveries and 17% of its maize supplies.

French Finance Minister Eric Lombard commented on the US President's recent statements about a possible dismissal of the Fed Chair. In an interview with La Tribune Dimanche, he warned that Powell's ouster would harm the US economy and further undermine the weakened credibility of the dollar.

Chicago Fed President Austan Goolsbee expressed hope that Federal Reserve will retain its independence in monetary policy decisions. He noted that countries where the central bank's actions are dictated by the government tend to experience worse inflation, economic growth, and employment rates.

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.

Initial applications for US unemployment benefits fell by 9,000 to 215,000 for the week ended April 12, reaching a two-month low. This level was below economists' forecasts of 225,000, according to Bloomberg data.

John Williams, Federal Reserve Bank (Fed) of New York President, sees no imminent need to change monetary policy. Williams, who is also vice chairman of the rate-setting Federal Open Market Committee, notes significant uncertainty around the US economic outlook.