empty
 
 

02.02.202601:27:10UTC+00Dollar Holds Gains on Warsh Nomination

The dollar index maintained its position above 97 on Monday, following a near 1% increase in the previous trading session. This surge was driven by President Donald Trump's announcement nominating Kevin Warsh as the prospective Chairman of the Federal Reserve. Market participants perceive Warsh as a more hawkish appointee who might advocate for lower interest rates, albeit in a less aggressive manner than some other potential contenders. He is also anticipated to oversee a reduction in the Fed's balance sheet, a strategic move that typically fortifies the dollar by curbing the money supply. Traders are factoring in the possibility of two Fed rate reductions this year under Warsh's leadership, even though there is currently a divide within the FOMC regarding the depth and speed of any additional monetary easing. Furthermore, the dollar continued to gain ground against the yen, buoyed by Japanese Prime Minister Sanae Takaichi's recent comments suggesting that a weaker yen could present significant advantages for export-driven industries.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback