The US Dollar (USD) faced a notable downturn following revelations of grand jury subpoenas issued to Fed Chair Jerome Powell by the Justice Department. This development has raised concerns regarding the potential implications for the Federal Reserve's independence, leading to a ripple effect across financial markets. The USD's exchange rate weakened against major currencies, with the EUR/USD pair rising as traders reacted to the news.
Equities and Treasuries also experienced a sell-off as uncertainty loomed over the Fed's policy direction. The market's response highlighted a shift in investor sentiment, impacting trading strategies for the USD. As the situation unfolds, traders will closely monitor how this legal scrutiny might influence future monetary policy decisions and overall market stability.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-12 11:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.