The US Dollar weakened on Monday, January 12, amid escalating tensions between President Trump and Federal Reserve Chairman Jerome Powell. The USD fell against major currencies, with the EUR/USD exchange rate climbing to 1.1150, marking a 0.4% increase. Traders reacted to Trump's criticism of Powell, interpreting it as a sign of increased political pressure on monetary policy.
As market participants digested the news, the GBP/USD pair also saw upward momentum, trading at 1.3050, a 0.3% rise. Analysts suggest that the ongoing feud could lead to heightened volatility in the forex market, influencing future trading strategies. The implications of this discord may affect the Fed's decision-making, prompting a cautious approach among investors.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 08:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.