DOLLAR MOVES LOWER WITH T-NOTE YIELDS
✍️ The dollar index fell by 0.05% on Wednesday, driven by a decline in T-note yields and concerns over Fed independence after President Trump called for Fed Governor Lisa Cook to resign.
👉 The dollar index fell by 0.05% on Wednesday
👉 T-note yields declined, weighing on the dollar
👉 President Trump called for Fed Governor Lisa Cook to resign, sparking concerns over Fed independence
👉 The dollar initially moved higher on Wednesday after EUR/USD fell to a 1-week low
👉 The dollar has support due to speculation that last week's stronger-than-expected July PPI report could keep the Fed from cutting interest rates at next month's FOMC meeting
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