Recently, the global forex market has witnessed a series of significant events, drawing widespread follow from the market. First, a suspected forged resignation letter from Fed Chairman Powell caused a stir on social media, intensifying concerns about the stability of the Fed leadership. Meanwhile, the White House announced a visit to the Fed headquarters this Thursday, which is seen as a potential challenge to the Fed's independence.

U.S. Treasury Secretary Basant publicly called for the Fed to cut interest rates and accused it of "mission creep" that has led to high government spending. This statement further exacerbated the tension between the government and the central bank. Trump bluntly stated that Powell would be "out soon" and called for significantly lower interest rates, highlighting the potential impact of political pressure on monetary policy.

In the face of external pressure, Fed officials have made statements. Powell emphasized the need to create a fair competitive environment for large banks, while Governor Bowman reiterated the importance of maintaining the Fed's independence and transparency. These statements seem intended to reassure the market and uphold the credibility of the Fed.

It is worth noting that Bank of England Governor Bailey pointed out that shorting the dollar has become one of the most crowded trades in the market, and long-term investors seem to have little interest in dollar assets. This perspective indirectly reflects the international market's concerns about the outlook for the dollar.

In summary, the political pressures faced by the Fed, the controversies surrounding interest rate policies, and the challenges to the status of the dollar are collectively shaping a forex market environment filled with uncertainty. Market participants need to closely follow these developments in order to formulate appropriate investment strategies.