EUR/USD slides as Warsh Fed pick, hot US PPI supercharge Dollar rally

EUR/USD drops during the North American session, down by 0.75% amid a session characterized by overall US Dollar strength, sponsored by Trump’s mild-hawkish pick to lead the Federal Reserve and an inflation report that warrants steady rates by the Federal Reserve.

Forecasting the upcoming week: Warsh shares the spotlight with central banks

The United States (US) Federal Reserve (Fed) had a busy week. On Monday, the Fed asked local New York banks about their positions in USD/JPY, fueling speculation that the US may be preparing to work with Japan on the Japanes Yen's (JPY) weakness.

USD/CNY: Potential recapitalization in financial sector – MUFG

Unconfirmed reports suggest that China may inject RMB 200 billion into large insurers to bolster their capital buffers, alongside an additional RMB 300 billion into major banks. This move aims to support the banking sector amid downward pressure on net interest margins.

Dow Jones Industrial Average dips as Warsh Fed nomination sparks uncertainty

• Major indexes edged lower as investors digested Trump's nomination of Kevin Warsh to succeed Fed Chair Powell in May.

INR: RBI expected to pause rate cuts – DBS Bank

DBS Bank's Group Research discusses the upcoming Reserve Bank of India (RBI) monetary policy committee meeting scheduled for February 6, 2026.