USD/CHF trades to its lowest since January 2015, USD/JPY tickles takes a look at 143

Investors are liking other fiat vs. USD.

• EUR (just hit its highest since July 2023), GBP, CHF, yen all rising.

Gold surging too, its around 3185 as I post.

I posted back in March on Trump efforts that may be directed at removing the independence of the Federal Reserve:

• Is Trump building the foundations to fire Fed Chair Powell and other Fed members?
• "A political Federal Reserve risks weakening the US dollar’s reserve status"

And I updated this a little earlier today:

• More from Fed’s Collins: Financial markets are performing well and remain liquid

To repeat what I posted earlier, this from various social media sources:

Trump’s economic policies are diminishing growth prospects and raising inflation. His other idealogical-driven policies are risking central bank independence.

EUR, JPY, CHF all have claims on reserve currency status to one degree or another. The destruction of confidence in, and credibility of, the US is fuelling their rise.