On the 21st (local time), the value of the dollar fell to its lowest level in three years. This is interpreted as a result of U.S. President Donald Trump continuously pressuring Jerome Powell, the Chair of the Federal Reserve (Fed), to lower interest rates and growing concerns over the independence of the Central Bank.

As the U.S. Federal Reserve implements its fourth interest rate hike of the year, President Trump (right) directs discussions about the dismissal of Chairman Powell (left), according to a Bloomberg report.

On that day, the dollar index, which reflects the value of the dollar against six major currencies, was 98.29 as of 3:27 p.m. Eastern Time, down 1.1% from the previous trading day.

The dollar index also fell to 97.9 that day, the lowest level since March 2022. As investor funds in the dollar focused on safe-haven currency, the value of the dollar against the Swiss franc dropped to $0.804, the lowest level in 10 years since January 2015.

With Trump's 'Powell pressure' continuing, it appears to have influenced investors' concerns about the independence of the Federal Reserve's monetary policy decisions and the outlook for U.S. assets.

Trump also posted on social media platform Truth Social that day, saying, "If 'Mr. Too Late', a major loser, does not lower the interest rates, there could be an economic slowdown."

Earlier, on the 17th, Trump said, "If I want him to resign, he will resign very quickly," making remarks that pressured his resignation and heightening concerns on Wall Street over the weekend.