Post #16134

Will Kevin Warsh Lean Dovish? DXY is stalling right at that $98 support level, with pressure largely coming from improving sentiment around the Middle East. As de-escalation hopes build, the dollar is losing some of its safe-haven bid. Price action reflects that tug-of-war. You’ve still got underlying tension — with the U.S. maintaining pressure and headlines flipping back and forth — but markets are leaning toward a negotiation outcome. That’s keeping the dollar from breaking higher. Today’s key catalyst is Fed Chair nominee Kevin Warsh. If he leans dovish in his Senate hearing and opens the door to rate cuts, that would likely push short-term rates and real yields lower — a clear negative for the dollar. - Alan