The Trump administration is reportedly preparing to announce Kevin Warsh as the next Federal Reserve chair on Friday, replacing Jerome Powell, a development that has unsettled markets and triggered a broad selloff across asset classes. As a result risk sentiment has deteriorated as investors price in potential shifts in monetary policy direction. Meanwhile, the DXY index, which tracks the strength of the U.S. dollar against a basket of major currencies, has edged up to 96.6. U.S. Treasury yields are mo ...