What does this mean ? For FX traders, this is a credibility and independence shock rather than a traditional macro input: when the Fed Chair is under investigation, confidence in forward guidance weakens, policy signaling becomes noisier, and risk premia rise. That typically translates into higher volatility in USD pairs, sharper reactions in rates and yield differentials, and greater sensitivity to political headlines rather than data releases. In the near term, the dollar can face pressure on
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