The Bloomberg Dollar Spot Index has fallen 8.1% this year so far. After tumbling in the wake of Donald Trump’s “Liberation Day” tariffs in April, the greenback came under sustained pressure as the president kicked off his aggressive campaign to get a dovish appointee installed as Fed chair next year.

The Federal Reserve's decision earlier this month to start buying short-dated government bonds came after a recommendation from staff to do so and a judgment by policymakers that the level of reserves had fallen to a targeted "ample" range,

Trump has long threatened to fire Federal Reserve chair Jerome Powell, raising fears about a non-independent Fed.

President Donald Trump said he expects to announce his pick to replace Federal Reserve Chair Jerome Powell in January, a highly anticipated moment.

Tuesday brings the release of the minutes from the Federal Reserve's December meeting, at which it cut interest rates for a third straight time but signaled it may pause those cuts in the months ahead.

A nine-figure crypto trade was opened just hours before the Fed’s FOMC minutes. A large crypto trader has opened hundreds of millions of dollars in short positions across Bitcoin, Ether and Solana just hours before the release of closely watched Federal Reserve meeting minutes.

A key Federal Reserve overnight liquidity facility saw increased use on Monday, data from the New York Fed showed.