Safe ports are rising in Asia amid concerns about the independence of the federal

The dollar has fallen and the assets classified as safe ports have increased after US President Donald Trump rejected Federal Reserve Lisa Cook, which expressed concern about the independence of the central bank. The dollar index fell 0.3% before the losses decreased, after Trump placed on the ‘Truth such platform’ that Cook would be isolated immediately. Gold rose to 0.6%, while the Swiss yen and Frank led currencies against the dollar. Asian stocks also fell 0.7%, and the S&P 500 futures fell 0.2%. The US yield curve varied, as mortgage returns have fallen two years in the light of increasing expectations to lower interest rates, perhaps next month, while the revenue of thirty years has increased amid the fear that the most facilitated monetary policy will feed inflation. Futures for French effects have also been opened in Asian transactions. The pressure on US assets increases Trump’s move from the negativity around US origin, after its trade war and the expansion of financial deficit revived the idea of ​​’US assets’, and urged Wall Street to question the exception of the US economy. Traders are looking for alternatives to the dollar, the global reserve currency, US bonds and any vision of the federal reserve’s erosion that can accelerate this trend. “The dismissal of Cook is raising concerns about the independence of the federal, if he assumes that it is not a legitimate way to appeal. If Trump succeeds, that means he may be able to clearly appoint four members with his point.” Trump is rising the federal to the Trump announcement after the US Department of Justice is intending to investigate Cook, to a criminal reference by Federal Housing Agency Director Bill Bolti, who claimed to have a dissolution, providing a mortgage loans. The investigation is the latest step in a series of moves from the Trump administration to increase the legal investigation in democratic figures and to put the central bank under pressure. It is not yet clear whether Cook will dispute the dismissal. If she uses the courts, she may request an immediate judicial order to return her to her post, pending the courts in the case. Elliot G wrote. Stein, an analyst at ‘Bloomberg Intelligence’, that Cook is likely to sue the discharge of the dismissal, adding: ‘We believe it is able to win,’ and note that the mere absence of fraud confirmations is not sufficient to meet the dismissal criterion ‘to a legitimate reason, unless the violation is proven, which requires at least an investigation. “She’s not going to be forced to resign because of a few questions raised in a tweet.” “Markets usually take such titles as a threat to the independence of the federal. It arouses uncertainty, but also confirms that Trump’s style will control.” Mary Nicolas of “Mliv” in Bloomberg said that “the morale of the risk will fall more by a whirlwind of Trump’s headlines that have already hit markets that have already been destroyed. Now the credibility of the federal is under a microscope after Trump tried to fire Lisa Cook.” She added: “This step indicates that greater changes can occur if the politicians do not match the White House. The end of the long curve and the US dollar will be pressure as doubt about federal independence, which has long been considered holy.” Earlier this month, the risks that threaten the independence of the central S&P Global definitions indicated to the risks that threaten the independence of the federal, when it installed the United States credit rating on “AA+”, a level that has been granted since 2011 when it reduced the classification of “AAA”. “Categories may be under pressure if political developments affect the strength of US institutions, the efficiency of long -term policies, or the independence of the Federal Reserve. It can in turn threaten the position of the dollar as the most important global reserve currency, which is a substantial element in the strength of the classification,” analysts wrote between Lisa Cheniller. Meanwhile, the Nasdac fell 100 contracts by 0.5% after Trump also threatened to impose restrictions on chips. The shares were already under pressure after the optimism about reducing interest, and US stocks withdrew on Monday. The New York Stock Exchange rose on Friday, after the president of Federal Reserve Jerome Powell opened the door for the possibility of reducing interest. The feelings of euphoria waited quickly for inflation data, and it quickly faded with the continued discount rate of discounts, while transactions await the expected price data this week. Political manufacturers are fighting between inflation that is still higher than 2%, but is rising, and a job market shows weaknesses. This disturbing comparison, which draws monetary policy in two conflicting directions, has exacerbated a great deal of uncertainty about how each of these factors developed in the coming months. The personal consumer expenditure index that excludes food and energy, which the Federal prefers to measure basic inflation will show 2.9% on an annual basis last month, which is the fastest rate in five months. In addition, the futures contracts for French bonds opened low after Prime Minister Francois Bayro asked a vote on confidence that could drop the government next month. Away from the total picture, the market awaits the next largest test, which is the results of the “Invidia” business scheduled on Wednesday after the closure. The company is seen as an important indication of the market due to its large size, as it represents about 8% of the S&B 500 index and its important location in the development of artificial intelligence.