Summary

• The US dollar is back on a strong path higher since last week, already looking to erase some of its April softness.
• Since Warsh is President Trump's nominee, traders are still unsure if he will pursue such an independent and hawkish policy, but his past views suggest he might.
• The dollar's strength reflects how foreign exchange markets are adjusting to wider yield gaps and the prospect of a potentially tighter monetary policy.
• The US dollar bulls are attacking the key 99.50 resistance area, which served as a top to last week's initial explosion.

By Elior Manier

The US dollar is back on a strong path higher since last week, already looking to erase some of its April softness.

Kevin Warsh was confirmed as the next Federal Reserve

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