US dollar, bonds, equities have all been smashed in Asia morning trade - recap (so far) ...Middle East

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"

Earlier in the session here (late US afternoon) this issue raised its ugly head again, check this link (scroll down a bit):

Markets are now incorporating the risk to Fed independence into their tariff worries.

The response in markets has been what you would expect from threats to Fed independence:

EUR, JPY, CHF all higherUS bonds trashedUS equities trashed

For those not keen on swapping one fiat for another, gold is an alternative, its soared also.

This article was written by Eamonn Sheridan at www.forexlive.com.

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