Core Viewpoint - The article discusses the impact of President Trump's actions on the U.S. dollar, particularly in light of potential interest rate cuts by the Federal Open Market Committee (FOMC) and the implications of a non-independent monetary policy [1] Group 1: Dollar Index Movement - The dollar index is currently priced at 98.36, with a 0.12% increase from an opening price of 98.24 [1] - The dollar index faced resistance below 98.60 and found support above 98.05, indicating a potential for upward movement after a short-term decline [1] - If the dollar index stabilizes above 98.00 today, the upward target range could be between 98.50 and 98.80 [1] Group 2: Impact of Trump's Actions - Trump's actions to dismiss Director Cook have intensified pressure on the dollar, increasing the likelihood of a rate cut by the FOMC in September [1] - The situation draws parallels to Turkey's President Erdogan, who attempted to interfere with his central bank's policies, leading to a collapse of the Turkish lira [1] - While the U.S. economy may exhibit more resilience, the potential shift towards a non-independent monetary policy could negatively affect the dollar [1]

Core Viewpoint - Trump is taking action to dismiss Director Cook, escalating pressure on him to resign, which may impact the U.S. dollar and monetary policy [1] Group 1: Economic Impact - The potential dismissal of Cook increases the likelihood of a Federal Open Market Committee (FOMC) interest rate cut in September [1] - Trump's actions may push the U.S. towards a non-independent monetary policy, similar to Turkey's intervention in its central bank, which previously led to a collapse of the Turkish lira [1] Group 2: Market Reactions - The U.S. dollar is facing a dual blow from these developments, which is not favorable for its value [1] - Gold prices have surged in response to the current economic uncertainties [1]