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 has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
