Dollar Crashes on Powell Removal Speculation, Gold Soars to All Time High and BTC Suddenly Spikes

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What was a miserable shortened week for the USD has gone from bad to worse in early Asia trading, when the Dollar index suddenly collapsed to a fresh 3 year low.

While there is no specific catalyst for the sudden collapse in the illiquid early Asian session, which sees many countries on extended Easter holiday, Bloomberg quotes traders that hedge funds are selling the dollar against virtually any currencies after National Economic Council Director Kevin Hassett said Friday that President Donald Trump is still exploring ways to remove Federal Reserve Chairman Jerome Powell, according to traders.

Read More: https://americanpoliticalreport.com/dollar-crashes-on-powell-removal-speculation-gold-soars-to-all-time-high-and-bitcoin-suddenly-spikes/