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Euro, Swiss franc rally with Fed independence back in spotlight
Gulf Today
|January 18, 2026
The safe-haven Swiss franc and the euro rallied against the dollar after the Trump administration threatened Federal Reserve Chair Jerome Powell with a criminal indictment, a move that could endanger the greenback's safe-haven status.
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Powell said the Department of Justice had served the Fed with grand jury subpoenas, threatening a criminal indictment related to his testimony before the Senate Banking Committee last June. The dollar index, which measures the greenback's strength against a basket of six currencies, was 0.318 lower at 98.82, snapping a five-day winning streak. Gold jumped to a record $4,600.33 per
Cette histoire est tirée de l'édition January 18, 2026 de Gulf Today.
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