Dollar wobbles as markets fret about threat to Fed independence

Investors were still trying to come to grips with news of the probe ⁠revealed late on Sunday, a move that drew condemnation from former Fed chiefs and marked a dramatic escalation in the U.S. president's campaign to pressure the central bank into cutting rates faster. The market reaction has been to sell the dollar and U.S. Treasuries, while the unease also prompted some investors to seek safety in gold. However, ‌the selloff was much ‌more measured than the one that followed Trump's sweeping tariffs last ...