Dollar Plunges to 2022 Lows as Trump Considers Early Fed Chair Replacement

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US markets showed mixed reactions Thursday as stocks and bonds rose while the dollar weakened.

The moves came after disappointing economic data showed the trade deficit widening unexpectedly and first-quarter GDP contracting by 0.5%.

Adding to market volatility, reports emerged that President Trump is considering naming a new Federal Reserve Chair months before Jerome Powell’s term ends, potentially as early as September or October.



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