0341 GMT - Waning confidence in the U.S. is the main cause of the dollar's weakness, according to VP Bank. "Under the Trump administration, the independence of central institutions--including the Fed--is eroding," VP Bank says. It adds that this is causing increasing skepticism in the currency markets. The bank notes that the dollar remains weak against the euro despite the ongoing political crisis in France. "Although it could be argued that monetary easing is weighing on the dollar, this explanation falls short," it says, and doesn't expect the greenback's weakness to disappear any time soon. EUR/USD is last at 1.16. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

October 14, 2025 23:42 ET (03:42 GMT)

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