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Dollar Fears Are Flaring as Trump Rekindles Debasement Trade
Yahoo Finance· 2026-01-30 16:57
While still down for the month, the greenback enjoyed its best day since July on Friday as Trump chose Kevin Warsh to become chair of the Fed. He’s viewed by markets as less likely to reduce rates than others in the race to replace Jerome Powell. Some reckon incoming economic data also may aid the dollar in coming days.The dollar is “moving along the path of least resistance – weaker,” said Padhraic Garvey, head of research for the Americas at ING Bank in New York. “It’s the unwritten preference of the admi ...