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Asset Summary – Monday, 2 February
Asset Summary – Monday, 2 February US DOLLAR is exhibiting resilience, holding above the 97 level on the dollar index following a significant rise. This strength is partly attributed to speculation surrounding the potential nomination of Kevin Warsh as Federal Reserve chairman, with markets anticipating a less aggressive approach to interest rate cuts and a…
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Dollar Holds Above 97 Amid Fed Speculation – Monday, 2 February
The US Dollar Index is maintaining its position above 97, boosted by speculation surrounding the potential nomination of Kevin Warsh as Federal Reserve chairman and comments from Japanese Prime Minister Sanae Takaichi regarding the yen. Markets anticipate Warsh favoring less aggressive interest rate cuts and balance sheet reduction, factors generally supportive of the dollar. Traders…
