The dollar is under pressure as the market assesses the impact of Trump potentially announcing his nominee for the next Chair of The Federal Reserve (FED) ahead of schedule.
Gate News bot reported that the strategy analyst of the Overseas Chinese Bank stated that the US dollar continues to be under pressure, as the housing market data released the night before in the US was weak, and there are reports that Trump may consider nominating the next chair of the Federal Reserve earlier than expected. The Wall Street Journal reported that Trump is considering announcing a replacement for Jerome Powell earlier due to disappointment with the Federal Reserve's gradual interest rate cuts.