The US Dollar Slightly Declines Due to Risks to Federal Reserve Independence and Hopes for Peace in the Iran War

Reported by Golden Finance, on April 16, the US dollar slightly declined after hitting a six-week low overnight, influenced by renewed risks to Federal Reserve independence and cautious optimism regarding a peace agreement in the Iran war. U.S. President Donald Trump threatened that if Federal Reserve Chairman Jerome Powell continues to serve as a governor after his term ends, he will remove him from office. Media reports indicate that mediators are pushing to extend the ceasefire agreement in the Iran war and initiate a second round of peace talks, but progress has been slow. Iran's armed forces have threatened to block shipping in the Persian Gulf, the Gulf of Oman, and the Red Sea if the U.S. continues to blockade Iranian ports. The DXY dollar index fell 0.1% to 98.003, after briefly dropping to 97.832 overnight. (Zhitong Finance)