The dollar tumbled on Monday to its lowest level in three years as investor confidence in the U.S. economy took another hit over President Donald Trump's attacks on the Federal Reserve chairman, potentially putting the central bank's independence under threat.

The dollar was rising as concerns over the Federal Reserve's independence and a U.S.-China trade war ease following remarks from President Trump, Commerzbank's Michael Pfister said in a note. Trump on

Writer and CNN host Fareed Zakaria, the moderator of a panel on the future of money, asked whether the U.S. dollar’s status is threatened, especially since “currencies are based on trust.” He and others pointed to the chaotic weeks since Trump’s April 2 announcement of steep taxes on imports on much of the world,