Kevin Warsh was sworn in as the 17th head of the Fed on Friday, the first chair to take the oath at the White House since Alan Greenspan in 1987, a venue choice that says plenty about how close this central bank now sits to the executive branch. The optics got stranger from there.
MUFG’s Michael Wan expects the Indian Rupee (INR) to remain weak, projecting USD/INR could move towards 98.00 and even 100.00 if the Iran conflict persists.
Hyperliquid (HYPE) edges lower at press time on Friday after a five-day rally, which hit a record high of $62.58 on Thursday. Retail sentiment shows signs of extreme bullishness, with HYPE futures Open Interest (OI) and Real World Assets (RWAs) trading at all-time highs.