ANZ Bank: If Wovosh is elected, it will be seen as capable of protecting the "independence of the Federal Reserve," but some market fluctuations may only be due to position adjustments.

Odaily Planet Daily reports that Khoon Goh, Head of Asia Research at ANZ Bank, stated, “I speculate that if Kevin Walsh’s appointment is confirmed, he will be viewed as a candidate who can maintain a certain level of independence rather than someone who might succumb to Trump’s wishes. What is more worth paying attention to is how the market will react when Trump finally announces his choice. Another point is that the US dollar experienced significant volatility this week, so I believe we should not overly focus on these forex fluctuations, as they may simply be position closing operations. Before the announcement is made, investors might just be reducing their risk exposure. Additionally, especially on a Friday, from the perspective of investors or market participants: what happened during the first weekend of January? ‘Venezuela crisis’; what happened during the second weekend? ‘Greenland incident’; and now the Iran situation also harbors uncertainties. Therefore, any rational market participant would be reluctant to carry large positions over the weekend, so some operations might just be reducing holdings.” (Jin10)