US dollar, Treasuries slide on latest Trump attack on Fed

U.S. President Donald Trump looks on during the signing of executive orders in the Oval Office at the White House in Washington, D.C., U.S., August 25, 2025. REUTERS/Jonathan Ernst

TOKYO: The dollar and U.S. Treasuries slid in Asian trading on Tuesday after President Donald Trump announced he was removing a Federal Reserve governor, which undermined confidence in U.S. assets.

The dollar fell against the yen and euro after Trump said on social media he was removing Lisa Cook from her position on the Fed's board of directors, the latest in a series of attacks on the central bank's independence.