The post EUR/USD slides as Warsh Fed pick, hot US PPI supercharge Dollar rally appeared on BitcoinEthereumNews.com.

EUR/USD drops during the North American session, down by 0.75% amid a session characterized by overall US Dollar strength, sponsored by Trump’s mild-hawkish pick to lead the Federal Reserve and an inflation report that warrants steady rates by the Federal Reserve. At the time of writing, the pair traded at 1.1882 down from daily highs of 1.1974. Euro sinks below 1.19 as hawkish Fed leadership signals and sticky inflation crush rate-cut hopes Kevin Warsh is Trump’s election to be the next Fed Chairman of the Federal Reserve, confirming rumors that leaked late on Thursday. The financial markets sent precious metals tumbling, while the Dollar nearly 1% according to the US Dollar Index (DXY), which tracks the buck’s performance against six peers. The DXY is poised to end the day past the 97.00 figure. US Treasury yields rose with the 10-year yield rose nearly one basis points at 4.25%. In addition to Warsh naming, US inflation in the producer side edged higher, distancing from the Federal Reserve’s 2% goal, justifying the Fed’s decision. Aside from the release of the Producer Price Index (PPI) figures for December, speeches by Federal Reserve officials grabbed the headlines. Breaking news revealed that the US Senate reached a deal to get the government funding package through chamber tonight, averting a shutdown, according to Politico. US Treasury yields are rising in a sign that speculators see fewer odds that Warsh could cut rates “indiscriminately” to please the White House. The US 10-year Treasury note yield is up one and a half basis points at 4.247% as of writing. In Europe, the German economy rose by 0.4% YoY exceeding estimates. Better-than-expected Gross Domestic Product (GDP) figures in Germany and the Eurozone, and the uptick in German inflation, have failed to provide any significant support to the pair. Next…

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Filed under: News - @ January 30, 2026 11:30 pm