Odaily Planet Daily reports that after several days of rebound following Trump’s nomination of Kevin Waugh as the next Federal Reserve Chair, the US dollar exchange rate has fallen back today. German commercial bank analyst Michael Pfister pointed out in a report that this nomination has led the market to expect that the Federal Reserve will be led by a “hawkish” figure in the future. Although this nomination temporarily interrupted the market’s sentiment of a weakening dollar, he believes that “the fundamental conditions have not fundamentally changed.” Pfister emphasized that compared to the G10 currency average level, the dollar remains in a depreciation trend this year. (Jin10)
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Vosh's rebound briefly "fizzles out," and the dollar resumes its depreciation path
Odaily Planet Daily reports that after several days of rebound following Trump’s nomination of Kevin Waugh as the next Federal Reserve Chair, the US dollar exchange rate has fallen back today. German commercial bank analyst Michael Pfister pointed out in a report that this nomination has led the market to expect that the Federal Reserve will be led by a “hawkish” figure in the future. Although this nomination temporarily interrupted the market’s sentiment of a weakening dollar, he believes that “the fundamental conditions have not fundamentally changed.” Pfister emphasized that compared to the G10 currency average level, the dollar remains in a depreciation trend this year. (Jin10)