The dollar weakened near a three-year low as President Trump’s criticism of Fed Chair Powell undermined investor confidence. Concerns arose about potential actions to replace Powell, triggering fears of a dollar panic. Escalating trade tensions with China further fueled economic anxiety, contributing to the dollar’s decline against major currencies like the euro and Swiss franc.
US Stock Market Today | Live: US stock futures climb as AI shares rally and crude prices ease
Warnings from executives at leading AI companies triggered a selloff last week, but concerns eased on Monday as investors focused on signs that spending on