According to analysis reports from international media, the candidates for The Federal Reserve Board of Governors that the U.S. President is about to announce may have a significant impact on the exchange rate of the U.S. dollar. If Kevin Hassett or David Malpass is nominated as the new member of the Fed, the dollar may face downward pressure.

Analysts believe that these two candidates are more inclined to adopt a loose monetary policy compared to another popular contender, Kevin Warsh. The market expects that if one of them is appointed, the Fed may implement a rate cut of more than 25 basis points in September.

This week, the President of the United States will announce the final candidate. This appointment not only relates to the short-term policy direction of the Fed but may also influence the choice of future Fed Chair. The current shortlist includes Hassett, Malpass, Walsh, and current Board member Christopher Waller.

Market participants need to closely monitor the potential impacts of this personnel change. If a candidate favoring loose monetary policy is elected, it may put pressure on the USD Exchange Rate. Correspondingly, gold and other non-USD currencies may benefit. Therefore, investors holding long positions in USD need to cautiously respond to the potential risks of exchange rate fluctuations.

This event again highlights the significant impact of central bank personnel changes on financial markets. Investors and analysts are closely monitoring the Fed's movements to assess the future direction of monetary policy and its potential effects on the global economy.