Warsh shares the spotlight with central banks
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The United States (US) Federal Reserve (Fed) had a busy week. On Monday, the Fed asked local New York banks about their positions in USD/JPY, fueling speculation that the US may be preparing to work with Japan on the Japanes Yen’s (JPY) weakness. The news triggered a sharp US Dollar (USD) sell-off at the beginning of the week. Mid-week, the Fed had its monetary policy meeting. The central bank held its target range for the federal funds rate unchanged at 3.50%-3.75%, as expected. Chairman Jerome Powell’s press conference was focused on politics, Powell’s future, and the subpoena, topics he declined to address. On a positive note, Powell highlighted clear improvements in economic growth and a decrease in risks related to both inflation and employment. The US Dollar Index (DXY) is trading near the 96.90 price region, recovering almost all its weekly losses after US President Donald Trump finally nominated former Fed Governor Kevin Warsh as the next Fed Chair on Friday. The US Senate must now confirm the nomination. On another note, the US will publish next week the Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers Index (PMI) for January, MBA mortgage applications, January Challenger Job Cuts, and Initial Jobless Claims. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.82% 0.79% 0.96% 0.77% 1.08% 0.76% 0.86% EUR -0.82% -0.03% 0.11% -0.05% 0.26% -0.10% 0.04% GBP -0.79% 0.03% 0.15% -0.02% 0.29% -0.04% 0.07% JPY -0.96% -0.11% -0.15% -0.19% 0.11% -0.22% -0.11% CAD -0.77% 0.05% 0.02% 0.19% 0.30% -0.01% 0.09% AUD -1.08% -0.26% -0.29% -0.11% -0.30% -0.32% -0.22% NZD -0.76% 0.10% 0.04% 0.22% 0.00% 0.32% 0.10% CHF -0.86% -0.04% -0.07% 0.11%…
Filed under: News - @ January 30, 2026 9:27 pm