Dollar Stalls After Bouncing On Speculation Warsh To Get Nod For Fed's Helm
2026-01-30 07:30:00 ET
The market reacted dramatically to media reports that Kevin Warsh will be nominated today to succeed Federal Reserve Chair Powell at the helm of the US central bank . On one hand, Warsh is perceived to be a hawk, but on the other hand, there is little doubt that the Trump administration seeks lower interest rates. The initial reaction was to cover short dollar exposure, and there were dramatic moves in the foreign exchange market. However, European turnover has seen the greenback surrender some of its gains. The reaction of US participants is awaited. Meanwhile, it appears an agreement has been struck that will avoid another federal government shutdown for at least a couple of weeks....
Read the full article on Seeking Alpha
For further details see:
Dollar Stalls After Bouncing On Speculation Warsh To Get Nod For Fed's Helm
NASDAQ: FXE
FXE Trading
-0.71% G/L:
$105.61 Last:
164,801 Volume:
$105.90 Open:
