1209 ET - The dollar pares some of its recent gains, but remains on path to end the week stronger and snap a two-week falling streak. This week's recovery is credited to "the nomination of Kevin Warsh as the next Federal Reserve chair, a series of upside surprises in manufacturing and services PMIs, and cautious rhetoric from some Fed officials," Naga's Frank Walbaum writes. He notes, however, that the currency remains near multiyear lows and could weaken "as US politics and the Federal Reserve's independence and monetary policy remain under scrutiny." The WSJ Dollar Index falls 0.3%, but is up 0.4% for the week. It is still down nearly 1% this year. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

February 06, 2026 12:09 ET (17:09 GMT)

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