The Globe and Mail reports in its Friday edition that a battered U.S. dollar is taking another beating as investors, unnerved by fresh signs of an erosion in U.S. central bank independence, waste no time in pushing the greenback back to its lowest levels in over three years. A Reuters dispatch to The Globe says that President Donald Trump on Wednesday called Federal Reserve chair Jerome Powell "terrible" in his latest attack on the Fed and said he has three or four people in mind as contenders for the top Fed job. The dollar was back at multiyear lows against a basket of other major currencies on Thursday, erasing a brief respite provided by safe-haven flows related to Middle East tensions earlier in the week. Down 10 per cent so far this year and set for its worst year since 2003, the dollar was expected to weaken further as renewed concern about Fed independence comes amid increased expectations for rate cuts and a looming July 9 deadline for trade agreements. "We are short the dollar in this environment, where there is an erosion of institutions," said Kaspar Hense at RBC BlueBay Asset Management. The market is pricing in Mr. Trump appointing someone who at least at first sight appears more sympathetic to his cause.