The nomination of Waller has triggered fluctuations in the dollar, intensifying bearish pressure

According to Jinshi News, the nomination of Waller as the Federal Reserve Chair triggered the largest single-day increase in the dollar since May of last year. According to data from the Commodity Futures Trading Commission (CFTC), in the week ending January 27, fund managers increased their bearish bets on the dollar by $8.3 billion, marking the largest increase since April 2025.

At the same time, hedge funds reduced their net long positions in the dollar by $5.1 billion, the largest decrease since July 2024. Michael Brown, senior research strategist at Pepperstone Group, stated that despite the dollar's rebound, policy uncertainty will persist, and there are still reasons to short the dollar. During the Asian trading session on Monday, the dollar experienced significant volatility, initially rising before turning to decline.