CoinVoice has learned that, according to Jinshi, ING Foreign Exchange Strategist Francesco Pesole stated in a report that the US dollar faces a significant risk of decline after Federal Reserve Chairman Powell said that the Federal Reserve received a subpoena from the US Department of Justice over the costs of headquarters renovations.

He pointed out that this move reignited market concerns about the independence of the Federal Reserve and could trigger another "sell-America" trade. Pesole said that any further signs of attempts to interfere with the independence of the Federal Reserve would pose considerable downside risk to the US dollar.