Dollar hits 3-year low on report Trump could pick next Fed chair early
Currency has weakened more than 10 per cent this year as concerns grow about US economy
Currency has weakened more than 10 per cent this year as concerns grow about US economy

Hedging against falls in the dollar has not been a prime concern but Trump 2.0 is changing the mood

The central bank does not work properly if a president can bend it to his will

With US checks and balances on the retreat, it is unwise to be an optimist

Analysts say Federal Reserve rate cuts will push the US currency lower in 2026

There may be more stress than is apparent, particularly on long-term debt

Pressure from Donald Trump and concerns over economic growth open schism among central bank’s officials