Donald Trump’s plan, to reorganize the Federal Reserve, has generated doubts among investors about the US economy
The dollar has collapsed while the euro has reached its highest level in more than a decade, amid the growing concern for an economic recession in the US and distrust in its economic plan, Reuters collects.
The change of the euro against the dollar rose approximately 1.2 %, reaching a maximum of $ 1,1528, its highest figure since November 2021.
The US president’s plan, Donald Trump, to reorganize the Federal Reserve (FED), has generated doubts among investors about the American country’s economy.
On Friday, the president confirmed his intention to replace the Chief of the Fed, Jerome Powell, for not reducing interest rates despite the decrease in oil and food prices.
“The Federal Reserve really has the obligation with the American people to lower interest rates. It’s the only thing for what it serves,” Trump said, adding that he is not “happy with him.”
“If I want him to leave, he will leave very quickly, believe me,” he warned.
The US dollar fell to a minimum in a decade against the Swiss Franco, and reached a minimum in seven months of 140,615 yen.
While the sterling pound rose to its highest level since September, to $ 1,3395, as well as the New Zealand dollar that recovered the level of $ 0.6000 for the first time in more than five months.
