Thursday, January 29, 2026 at 4:59 PM
The dollar, which strengthened slightly, has a long-term bearish bias, but could consolidate in the short term, Bannockburn said.
The dollar’s gains on reports that Trump could nominate Kevin Warsh as the next Fed chair might be somewhat premature, according to Commerzbank.
The dollar rose against a basket of currencies and it could extend its recovery if upcoming U.S. nonfarm payrolls data are decent, ING said.
The dollar traded flat. MUFG said the greenback faces further weakness in 2026 as the Fed looks set to cut rates again under chair nominee Kevin Warsh.
A “rate check” by U.S. officials has boosted the Japanese currency.
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