USD Mixed: NEC Director Hints at Fed Chair Role Amid Bill Passage

Dollar sentiment remains mixed as National Economic Council Director Hassett expressed confidence in passing the 'one big beautiful bill' by midnight, calling it fiscally responsible while dismissing CBO projections. Notably, Hassett declined to comment on potentially becoming the next Fed Chair, fueling speculation about future monetary policy leadership. The combination of fiscal policy developments and potential Fed leadership changes creates uncertainty for dollar positioning. Markets are closely monitoring the bill's passage and its implications for fiscal spending and deficit levels. The refusal to discuss Fed Chair speculation has traders considering potential shifts in monetary policy approach if leadership changes materialize. Near-term dollar movements will likely depend on the bill's final details and any further developments regarding Fed leadership. Technical levels show the dollar index consolidating near 104.50, with resistance at 105.00 and support at 104.00.