At the time of writing, EUR/USD is trading around 1.1935, easing after briefly climbing above the 1.2000 mark, its highest level since June 2021. US Treasury Secretary Scott Bessent reaffirmed that the United States continues to pursue a “strong dollar” policy, adding that Washington is “absolutely not” intervening in USD/JPY at present. President Donald Trump is expected to announce his pick for the next Fed Chair, though the timing remains uncertain. Potential candidates reportedly include BlackRock’s Chief Bond Investment Manager Rick Rieder, current Fed Governor Christopher Waller and former Fed Governor Kevin Warsh. Elsewhere, the Euro’s recent appreciation has also drawn attention from European Central Bank (ECB) officials.