Dollar Index Falls Over 10 Points as Fed Chair Warsh Speaks

A more than 10-point drop in the dollar index during a Fed chair's remarks points to markets parsing the comments as dovish, even though the substance of what Warsh said is not yet clear. The reaction matters for dollar-sensitive trades, including tokenized Treasuries and other RWA instruments priced off US rates. Whether the move holds or fades once the remarks are digested is the open question; a headline-driven swing without confirmed content is prone to reversal.