SINGAPORE (Reuters) -U.S. President Donald Trump took the unprecedented action of firing Lisa Cook, the first African-American woman to serve as a Federal Reserve governor, over claims of mortgage borrowing impropriety.

The U.S. dollar softened across the board after the news, while the short-end U.S. Treasury yields fell in Asian hours on Tuesday on wagers that Cook's replacement would be a dovish one who would push for more rate cuts. [US/] [FRX/]

COMMENTS:

THOMAS MATHEWS, HEAD OF MARKETS, ASIA PACIFIC, CAPITAL ECONOMICS, WELLINGTON:

"The market reaction has been fairly muted, that may be partly due to the time of day but also uncertainty about whether Trump will actually be successful in removing and replacing Cook. The bigger picture, though, is that right now Trump is pressuring t

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