Dollar Weakens Against Euro and Swiss Franc Amid Fed Independence Concerns

According to Odaily, the U.S. dollar has fallen to multi-year lows against the euro and Swiss franc due to concerns over the future independence of the Federal Reserve. These worries have shaken confidence in the stability of U.S. monetary policy. Nick Rees, Head of Macroeconomic Research at Monex Europe, noted that from a market perspective, this situation not only undermines the credibility and independence of the Federal Reserve but also poses risks to the outlook for U.S. interest rates. These concerns have put pressure on the dollar today. Additionally, remarks from U.S. President Donald Trump's team could further strain the dollar as the July 9 deadline for the "reciprocal tariffs" suspension approaches.