Dollar Opens as Investors Watch for New Fed President Selection

Key Takeaways

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  • Upcoming announcement of the new Federal Reserve chairman could impact U.S. monetary policy, influencing global markets.
  • Brazilian unemployment data, particularly Decembers PNAD Continuous figures, are significant indicators for understanding year-end employment trends in Brazil.
  • The potential nominees for the Federal Reserve chairman position include Kevin Warsh, Rick Rieder, and Kevin Hassett.
  • Recent underwhelming labor market data from Brazil could raise concerns about job creation in the country.

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Investors Track U.S., Brazil Economic Factors Ahead of New Fed President Announcement & Brazilian Unemployment Data Release

The dollar began Friday’s session focused on global economic factors, as Brazil’s Ibovespa stock exchange index opened at 10 a.m. Markets are closely watching developments that could sway investor sentiment, including U.S. monetary policy and Brazil’s latest employment figures. President Trump is expected to announce his nominee for Federal Reserve chairman this morning, succeeding Jerome Powell. The decision follows meetings with candidates that include Kevin Warsh, former Fed governor; Rick Rieder, from Blackrock; and Kevin Hassett, of the National Economic Council. Meanwhile, Brazilian investors are closely tracking labor market data, awaiting the release of December’s unemployment rate (measured by PNAD Continuous) to understand year-end employment trends. This scrutiny follows underwhelming Ministry of Labor data from December, which indicated the creation of 1.279 million formal jobs in 2025.

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