Institutional analysis: Trump's dismissal of Powell may cause the US stock index to fall by 5%

Odaily Planet Daily News: Sean Callow, market strategist at InTouch Capital Markets, said that any move by the Trump administration to dismiss Federal Reserve Chairman Powell could have a serious impact on the US dollar. This move may lower short-term yields and increase the risk and inflation premium of long-term US Treasury bonds due to market expectations of appointing a more dovish chairman. At present, there is no historical data available to evaluate the reaction of the foreign exchange market, but he added that in the long run, the US dollar index DXY is likely to fall by more than 5%. (Golden Ten)