Synchronized move: Dollar nosedives on Jerome Powell ouster buzz, triggering gold’s historic surge and a sudden Bitcoin boom investors didn’t see coming
The US dollar plummeted to a three-year low amid speculation that President Trump might remove Federal Reserve Chairman Jerome Powell. Hedge funds are reportedly dumping the dollar, triggering rallies in the euro and yen. Gold surged to a record high, while Bitcoin defied expectations by spiking despite the dollar's decline.