By Rocky Swift and Kevin Buckland
TOKYO (Reuters) -The dollar and U.S. Treasuries slid in Asian trading on Tuesday after President Donald Trump announced he was removing a Federal Reserve governor, which undermined confidence in U.S. assets.
The dollar fell against the yen and euro after Trump said on social media he was removing Lisa Cook from her position on the Fed’s board of directors, the latest in a series of attacks on the central bank’s independence.
Asian shares followed declines on Wall Street as prospects for a Fed rate cut next month became less certain. U.S. stock futures retreated.
“All of this, tariffs included, is just another reason the U.S. can’t be trusted,” said Bart Wakabayashi, the Tokyo Branch Manager of State Street. “There’s no credibility. That’s the basis of