Mr Cohn joins a list of over twenty high-profile departures from the Trump White House, including Josh Raffel, deputy White House communications director and an intimate of Jared Kushner and Ivanka Trump, Hope Hicks, White House communications director, Sebastian Gorka, deputy assistant to the president, Steve Bannon, White House chief strategist, Anthony Scaramucci, White House communications director and press secretary Sean Spicer.
The president was bullish about finding a replacement for Mr Cohn, tweeting:
The dollar price against the yen was one of several key economic indicators that dropped sharply on news of this latest resignation.