Markets are recalibrating their USD-bearish positions amid rising resistance from Republican lawmakers against the Department of Justice's investigation into Federal Reserve Chair Jerome Powell. This development has led traders to reconsider the implications of potential changes in Fed independence, resulting in a slight uptick in the USD's appeal.
As a result, the EUR/USD exchange rate has seen fluctuations, trading around 1.0500, reflecting a shift in sentiment. The market is now more cautious about aggressively betting against the dollar, with the potential for increased volatility in major currency pairs as investors await further clarity on the Fed's monetary policy direction.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-13 12:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.