The Telegraph: Dollar rises on hopes for new Fed chairman

Potential Fed chair 鈥淢r Waller is respected in financial markets and central banking circles and his appointment would be positive for the US dollar, according to Karl Schamotta, chief market strategist at in Toronto. 鈥淗e is understood to be someone with an easing bias, but he has the credibility that could keep long-term [government bond] yields anchored and keep flows into the dollar well supported,鈥 Mr Schamotta said.鈥