The nomination of Waller sparked expectations for tapering, and the dollar index hit a one-week high

According to Jinshi News, the dollar rose after President Trump nominated Kevin Warsh as the chairman of the Federal Reserve. Jefferies economist Mohit Kumar pointed out that Warsh is likely to lean towards reducing the Fed's balance sheet in the coming years.

If inflation is seen as entrenched, Warsh may adopt a less accommodative policy. Currently, the dollar index is up 0.1% to 97.108, having reached a one-week high of 97.298 overnight.