Macquarie strategist: US dollar remains stable for now, but risks persist

Jinse Finance reported that Macquarie Group strategist Thierry Wizman pointed out that Trump's decision to nominate Walsh to lead the Federal Reserve helps stabilize the US dollar's trend. Market traders may believe that this decision is intended to signal the continuation of central bank institutional traditions. However, Trump is unlikely to deviate from his own belief system, as he has repeatedly pressured the Federal Reserve to cut interest rates. Walsh is a family friend of Trump and has been providing behind-the-scenes advice on monetary policy to the president since 2009. This means that when the timing for a rate cut approaches, Walsh may take action more swiftly.