India, July 16 -- The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, after reports suggested that President Donald Trump is considering the potential removal of Federal Reserve Chair Jerome Powell very soon.
Trump reportedly asked House Republicans about the dismissal of Powell on Tuesday, triggering concerns about the Fed's independence.
Later, Trump clarified that he has no immediate intention of firing Powell.
The President has repeatedly criticized Powell for not cutting interest rates.
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The greenback declined to 6-day lows of 1.1721 against the euro and 0.7947 against the franc, from an early more than 3-w...