ING: If a Supreme Court ruling reignites concerns about Federal Reserve independence, the dollar may be hit

He said that if the ruling supports Trump's attempt, it could "rekindle some concerns about the Federal Reserve's independence, which may significantly drag down the dollar." However, in January, the justices expressed skepticism over Trump's claim that he could immediately dismiss Cook on the grounds of mortgage fraud charges. The DXY U.S. Dollar Index fell by 0.1% to 101.241.