Dollar Steady Amid Rout in Precious Metals as Investors Weigh a Fed Under Warsh

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The dollar held steady in Asia after a rally on Friday sparked by U.S. President Donald Trump’s pick of Warsh as the next Fed chair. Analysts assumed Warsh was less likely to press for all-out rapid rate cuts than some other candidates who had been in the running, though he has sounded more dovish than current chair Jerome Powell.