The dollar slumped on Monday as investors responded to mounting uncertainty over US economic policy following President Donald Trump’s attacks on Federal Reserve chair Jay Powell.
The dollar fell to a three-year low against a basket of its key trading partners. Gold rose to a fresh record of $3,385 per troy ounce while the Swiss franc climbed 1 per cent against the dollar to SFr0.8069, a ten-year high. The euro and yen both rallied over 1 per cent against the dollar.
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