The dollar remained under pressure after hitting a three-year low Monday following renewed calls from President Trump for interest rate cuts. In a post on his Truth Social platform, Trump said there is "virtually no inflation" and warned the U.

The dollar tumbled on Monday to its lowest level in three years as investor confidence in the U.S. economy took another hit over President Donald Trump's attacks on the Federal Reserve chairman, potentially putting the central bank's independence under threat.

Wall Street stocks and the dollar tumbled amid mounting uncertainty over the US economy as President Donald Trump renewed his attacks on Federal Reserve chair Jay Powell.