Global Markets Slide as Trump Targets Fed, Euro Climbs to a Three-Year High
Investor jitters returned to global markets on Monday, as renewed political tension in the U.S. and concerns over trade policy sent stocks falling and safe-haven assets soaring.
Asian equities dropped sharply, with Japan’s Nikkei and Taiwan’s benchmark index falling more than 1%, while S&P 500 and Nasdaq futures slipped 0.75% and 0.8%, respectively. Meanwhile, gold prices surged to a new all-time high, fueled by demand for safe-haven assets.
The U.S. dollar continued its sharp decline on Monday, triggering a rally in major global currencies. The euro climbed to a three-year high, while the yen reached its strongest level in seven months. Meanwhile, the Swiss franc soared to a decade-high against the greenback, reflecting growing investor unease over U.S. monetary policy and political uncertainty.
Trump’s Fed Criticism Fuels Market Anxiety
The latest market slide comes in the wake of President Donald Trump’s harsh criticism of Federal Reserve Chair Jerome Powell, accusing him of mismanaging monetary policy. Trump’s team is reportedly exploring whether Powell could be removed from his position—a move that would call into question the Fed’s independence and shake global faith in U.S. institutions.
Thin Liquidity Adds to Volatility
With many markets closed for Easter Monday, trading volume remained thin, heightening the impact of geopolitical and economic headlines. European markets largely stayed shut, while Friday’s global holiday closures delayed the full reaction to last week’s developments.
As the dollar weakened sharply on concerns over political meddling in monetary policy, investors rushed into gold, highlighting the deepening fear around central bank credibility and global stability.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
