Market Uncertainty: The Dollar is Strengthening and Fluctuating

Eyes on the Markets at Opening

The uncertainty in the markets is manifesting itself with strengthening and volatility of the US Dollar. Recent reports have brought forth speculation that Kevin Warsh will replace Jerome Powell as the next Federal Reserve chairman under the Trump administration.

With the rise in uncertainty, the VIX index has increased by 13%, while the MOVE Index has also risen by 6%. This situation indicates increased uncertainty in both the equity and Treasury markets.

Furthermore, the DXY index is moving upwards, while US stocks are in decline ahead of the opening, reinforcing the risk-averse trend.