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August 26, 2025
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CNBC: Dollar trades lower as Trump's move to fire Fed governor spooks investors

"Monetary easing expectations are holding firm across the front end of the curve after the Conference Board's latest measure of consumer confidence showed households becoming more concerned about employment and income prospects even as they turned slightly more optimistic on the business environment," said Karl Schamotta, chief market strategist at Corpay in Toronto. "With the Fed's reaction function shifting away from inflation and toward an emphasis on labor market conditions, these numbers should help ratify market pricing for at least two rate cuts this year, and add to the factors weighing on the dollar."

CNBC: Dollar trades lower as Trump's move to fire Fed governor spooks investors