WATCH LIVE: Senate Banking Committee Hearing on Fed Chair Nominee Kevin Warsh at 15:00BST/10:00EDT

The Senate Banking Committee hearing on Fed Chair nominee Kevin Warsh is critical as it may provide insights into the future direction of U.S. monetary policy. Market participants will be looking for hawkish or dovish indications that could impact rate expectations and the USD's positioning against other currencies. If Warsh's views align significantly with or diverge from the current Fed stance, it could lead to volatility in both fixed income and FX markets.