US Dollar Weakens Following Hawkish Fed Nomination. Forecast as of 04.02.2026

Investors considered Kevin Warsh to be the most hawkish candidate for the position of Fed chair and began buying the US dollar. However, his views are actually detrimental to the greenback. Let's discuss this topic and make a trading plan for the EUR/USD pair.Major Takeaways The US dollar is failing to respond appropriately to the news. Kevin Warsh's views are negative for the greenback. The split in the US K-shaped economy will intensify. Long trades can be considered if the EUR/USD pair breaks