ING: Concerns about the Fed's independence could trigger another "sell-America" ​​deal.

ING FX strategist Francesco Pesole stated in a report that the dollar faces a significant risk of decline after Federal Reserve Chairman Jerome Powell announced the Fed had received a subpoena from the U.S. Department of Justice for overspending on its headquarters renovations. He pointed out that this move reignited market concerns about the Fed's independence and could trigger another "sell-America" ​​trade. Pesole stated, "Any further signs of interference in the Fed's independence will pose a considerable downside risk to the dollar." (Jinshi)