# Dollar hits three-year low as Trump attacks threaten Fed's independence

> The dollar slid to as low as 97.923 against a basket of currencies, its lowest level in three years, and hit a decade low against the Swiss franc. The decline followed Trump's attacks on Federal Reserve independence and uncertainty over trade policy.

- Date: 2025-04-21 · published 2025-04-21T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/25326-dollar-hits-three-year-low-as-trump-attacks-threaten-fed-s-independence
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar lowers the effective cost of US grain and oilseed exports for foreign buyers, which can support US commodity prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-26 | [No love for the dollar as markets fret about Fed independence](https://feedsoft.ai/events/24413-no-love-for-the-dollar-as-markets-fret-about-fed-independence.md) | -0.9% | -0.6% |
| DXY | 2022-07-28 | [Dollar hits three-week low to yen as Fed’s Powell less hawkish than feared - Markets - Business Recorder](https://feedsoft.ai/events/40731-dollar-hits-three-week-low-to-yen-as-fed-s-powell-less-hawkish-than-feared.md) | -0.3% | +0.2% |
| DXY | 2023-07-10 | [US dollar drops to three-week low as Fed rate hikes nearly done](https://feedsoft.ai/events/9980-us-dollar-drops-to-three-week-low-as-fed-rate-hikes-nearly-done.md) | -1.7% | -0.2% |
| DXY | 2020-08-31 | [Dollar hits two-year low, fourth month of losses on Fed inflation mandate](https://feedsoft.ai/events/51844-dollar-hits-two-year-low-fourth-month-of-losses-on-fed-inflation-mandate.md) | +0.1% | +1.4% |
| DXY | 2026-01-27 | [Dollar sinks to four-year low as intervention risk lifts yen](https://feedsoft.ai/events/21293-dollar-sinks-to-four-year-low-as-intervention-risk-lifts-yen.md) | +0.3% | -0.1% |

## Sources

- reuters.com: https://www.reuters.com/world/middle-east/dollar-weakens-concerns-about-feds-independence-under-trump-2025-04-21/

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