Institution: Wosh is more like a 'steady trader,' which will help stabilize market sentiment.

PANews January 30 News, according to Jinshi reports, Tim Kelleher, Head of Foreign Exchange Sales at the Commonwealth Bank of Australia Auckland branch, said that after the news of Waller being nominated as the new Federal Reserve Chair came out, there was indeed an immediate increase in some dollar buying. Given that the most likely candidate at the moment is Waller, if it really is him, I suspect the market will react with a sharp immediate response similar to ‘Reid being elected.’ The market is very familiar with Waller, which probably will to some extent help stabilize sentiment. Our current interpretation is that Waller is more like a ‘steady and reliable trader,’ rather than the type who would take bold and sweeping actions to overhaul, like Stephen Miran.