Dollar weak

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The US assets fell on Monday in relation to the growing uncertainty about the US economic policy after President Donald Trump’s attacks on the chairman of the Federal Reserve, Jay Powell.

Compared to a basket of its most important trading partner, the dollar fell by 1.1 percent to a three-year low. Gold increased by 2.7 percent to a record of USD $ 3,416.30 per Troy Ounce, while the Swiss franc collected up to $ 1.2 percent compared to the dollar to SFR0,8067, its strongest level for a decade. The euro rose by 1 percent to 1.1504 US dollars and the yen increased $ 0.9 percent per dollar.

The movements came to Kevin Hassett, director of the National Economic Council, and said Trump would continue to “study” the question of dismissing Powell. The President had claimed on Thursday that he had the right to dismiss the Fed chairman.

“If you believe that President Trump is unacceptable to be frustrated with the political history of the Fed, then I think you have something to explain,” Hassett told reporters in Washington on Friday when the US markets were closed.

US sovereign debts sold. The returns of the 10-year US state bonds rose by 0.05 percentage points to 4.38 percent, while the 30-year-old return on government bonds rose by 0.07 percentage points to 4.87 percent. Conversely, the income yields move to the prices.

The shares also slipped out, with the Blue-Chip S&P 500, shortly after the opening bell and the technical-haavy-nasa-association, dropped 1.6 percent by 1.2 percent.

“What we see is a breakdown between FX and tariffs,” said Paribas of Paribas in Asia in Asia.

“Global investors can rethink their portfolio,” added Saimbi, finding that the euro and yen may benefit from investors that repatriate assets.

In a reference to customers, Yujiro Goto, FX strategist at Nomura Securities, warned that it was often rare in emerging countries for bond sales and currency depreciation, but it was surprising that this combination in a large reserve currency market like the USA.

Goto said that the Yen would probably violate the unexpectedly high tariffs earlier than expected against the level of 140 yen, the increasing concerns of the US stages flation and “growth of suspicion of credibility of the US assets”.

Analysts from CICC, the Chinese investment bank, said in a report on Sunday that the uncertainty of domestic US policy was the management of the dollar And government bonds to “rather behave” and the latest remarks from Trump to Powell “further increased market concerns regarding the independence of the Federal Reserve”.

The movements in Asian trade on Monday were the first market reaction on the recent pressure on Powell. The trade was thin in the region, with the markets in Hong Kong and Australia being closed for Easter holiday.

The stock market benchmarks in Japan and Taiwan fell by 1.2 percent and 1.5 percent, while China’s CSI 300 rose by 0.3 percent.

Trump has repeated Exert pressure on Powell Lower interest rates. This year the FED kept the interest in the queue after reducing it three times in 2024.

The FED determines a monetary policy regardless of the other branches of government. Any attempt to displace Powell, the term of which is to end in May 2026, or the monetary policy policy could cause further market turbulence in the United States, according to investors and analysts.

Additional reporting by Cheng Leng in Hong Kong