According to online reports, the US dollar index DXY was sluggish during the Asian session on Monday, mainly dragged down by the US tariff policy and doubts about the independence of the Federal Reserve. U.S. Commerce Secretary Lutnik made it clear to Colombia News on Sunday that August 1 is a hard deadline for the new tariffs to take effect. The Wall Street Journal reported on the same day that U.S. Treasury Secretary Basent had recently stated his interests to U.S. President Trump, urging him not to fire Federal Reserve Chairman Powell. Trump has repeatedly criticized Powell for being too cautious on interest rate cuts. Aaron Hill, an analyst at FPMarkets, pointed out that firing Powell would shake the independence of the Federal Reserve and have a major impact on the US dollar and U.S. debt. (Jin Shi)