U.S. dollar strength and volatility surge as markets nervously await U.S. open

While Fed chair speculation drives uncertainty across equities, rates, and crypto. What to know : Reports suggest the Trump administration may announce Kevin Warsh as the next Federal Reserve chair, replacing Jerome Powell. The VIX is up 13%, while the MOVE Index has climbed 6%, highlighting elevated uncertainty across both equity and Treasury markets. The DXY index is edging higher, reinforcing a risk off tone as U.S. equities trade lower ahead of the open.