Summary: The dollar and longer-dated U.S. Treasuries fell after President Trump announced the firing of Federal Reserve Governor Lisa Cook, escalating concerns about the Fed’s independence. This move, coupled with renewed tariff threats, contributed to uncertainty about Fed policy and potential rate cuts. Gold rose to a two-week high, while Asian stock markets declined, reflecting the impact of Trump’s actions on global markets.

Link: https://www.channelnewsasia.com/business/dollar-longer-dated-treasuries-slide-trump-escalates-attack-fed-gold-rises-5313956