US Dollar Recovers After Warsh Announced As Fed Chair. Forecast as of 02.02.2026

The US dollar's best daily performance since May came after Donald Trump announced his choice for a new Fed chair. Kevin Warsh may support the central bank's independence. This calmed investors. Let's discuss this topic and make a trading plan for the EUR/USD pair.Major Takeaways Donald Trump has selected the new chairman of the Federal Reserve. Kevin Warsh plans to lower interest rates and reduce the balance sheet. The US dollar has risen, while precious metals have fallen. Short positions on t