Analysts: The dollar is facing a double whammy.

[Analyst: The US dollar is facing a double blow] Trump is taking action to fire board member Cook. Cook has been under pressure to resign for the past week, and Trump is now escalating the matter. Forex analyst Eamonn Sheridan stated that the US dollar is facing a double blow: first, this move increases the likelihood of the Federal Open Market Committee (FOMC) cutting rates in September; second, Trump may push the US towards a non-independent monetary policy state. Turkey's Erdogan once attempted to intervene in his Central Bank, forcibly implementing his own monetary policy, which once led to the collapse of the Turkish lira. Although the US economy may be more resilient, from a spillover effect perspective, this is not favourable information for the dollar. Gold prices have already surged.