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

> The dollar fell against major currencies after President Trump moved to fire Federal Reserve Governor Lisa Cook over alleged mortgage improprieties, which Cook disputes. The dollar index was down 0.28% near 98.19 as investors weighed the move's implications for Fed independence.

- Date: 2025-08-26 · published 2025-08-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/23514-dollar-trades-lower-as-trump-s-move-to-fire-fed-governor-spooks-investors
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Concerns about Fed independence and a possibly more dovish Fed weigh on the dollar, a factor that can support dollar-priced grain and oilseed markets.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-05 | [Dollar eases off 14-year peak as yuan's jump spooks investors](https://feedsoft.ai/events/10247-dollar-eases-off-14-year-peak-as-yuan-s-jump-spooks-investors.md) | +0.1% | -2.7% |
| DXY | 2025-05-23 | [US dollar tumbles as Trump's EU tariff talk spurs investor flight](https://feedsoft.ai/events/24859-us-dollar-tumbles-as-trump-s-eu-tariff-talk-spurs-investor-flight.md) | -0.2% | -0.7% |
| DXY | 2025-08-26 | [Dollar steadies after jolt from Trump's ouster of Fed governor — TradingView News](https://feedsoft.ai/events/23516-dollar-steadies-after-jolt-from-trump-s-ouster-of-fed-governor-tradingview-news.md) | +0.2% | -0.7% |
| DXY | 2017-01-30 | [Dollar drops vs yen as investors react to Trump travel ban](https://feedsoft.ai/events/73206-dollar-drops-vs-yen-as-investors-react-to-trump-travel-ban.md) | -1.2% | -1.2% |
| DXY | 2026-01-26 | [Dollar under fire again as investors reassess Trump policies, geopolitical risk \| Reuters](https://feedsoft.ai/events/10158-dollar-under-fire-again-as-investors-reassess-trump-policies-geopolitical-risk.md) | -0.8% | -0.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2025/08/26/dollar-drops-after-trump-fires-feds-cook.html
- iex.nl: https://www.iex.nl/Nieuws/830810/Dollar-weakens-as-Trumps-move-to-fire-Fed-governor-spooks-investors.aspx

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.