EUR/USD Hits Three-Year High Amid US Policy Turmoil
Investors returning from the Easter break faced mounting concerns over the US White House’s position on the Federal Reserve and its chair, Jerome Powell. The market reacted to rising apprehensions about the Fed’s independence, as former President Trump’s criticism of Powell intensified. This uncertainty has unsettled investors, prompting shifts in the EUR/USD exchange rate. As the Euro hits a three-year peak, traders should stay alert to comments from key figures that could further affect market dynamics and investor sentiment regarding the US Dollar.