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● TRACKER Updated 15d ago · 12 sources tracked

Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160

The US dollar held near a two-week high on Monday, marking its largest gain in four weeks. Hawkish comments from Federal Reserve Chair Kevin Warsh at the Jackson Hole Symposium, combined with sticky inflation data, have revived market bets for a September interest-rate hike. While the dollar hit a session high following Warsh's remarks, it edged lower later Monday in a subdued session. Meanwhile, the Japanese yen weakened, slipping past the 160-per-dollar threshold.

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  • ✓ The US dollar held near a two-week high on Monday.
  • ✓ The Japanese yen fell through the 160-per-dollar level.
  • ✓ The dollar saw its largest gain in four weeks.
  • ✓ Fed Chair Kevin Warsh delivered hawkish remarks at the Jackson Hole Symposium.
🛡️ Source Corroboration: 12 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Fed Chair Kevin Warsh's hawkish remarks at the Jackson Hole Symposium increased the probability of a September rate hike.

Live updates

  1. US Dollar nears two-week high as Warsh remarks boost rate-hike bets

    The US dollar held near a two-week high on Monday, marking its largest gain in four weeks. Hawkish comments from Federal Reserve Chair Kevin Warsh at the Jackson Hole Symposium, combined with sticky inflation data, have revived market bets for a September interest-rate hike. While the dollar hit a session high following Warsh's remarks, it edged lower later Monday in a subdued session. Meanwhile, the Japanese yen weakened, slipping past the 160-per-dollar threshold.

    Why it matters

    Interest rate expectations drive currency valuations. Warsh's stance suggests the Federal Reserve may prioritize fighting inflation over easing monetary policy. This divergence affects global pairs, including the Australian dollar.

    What is confirmed

    • The US dollar held near a two-week high on Monday.
    • The Japanese yen fell through the 160-per-dollar level.
    • The dollar saw its largest gain in four weeks.
    • Fed Chair Kevin Warsh delivered hawkish remarks at the Jackson Hole Symposium.

    Still unconfirmed

    • The futures market raised odds on a September interest-rate hike.
    • The dollar is set for a weekly gain.

    What to watch next

    • Release of US jobs data
    • Further Federal Reserve commentary on inflation
    Sources used for this update (12)
    1. Bloomberg.com — Dollar Gains Most in Four Weeks as Inflation Backs Fed Hike Bets
    2. ING Think — FX Daily: Keeping an eye on the long end
    3. CNBC — Dollar rises to session high after Warsh comments, set for weekly gain
    4. www.cnbc.com — Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160
    5. Reuters — Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160
    6. FXStreet — US Dollar Weekly Forecast: Warsh, sticky inflation revive Fed rate hike bets
    7. www.devdiscourse.com — FOREX-Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160
    8. www.aol.com — Dollar slips ahead of US jobs data
    9. baynews9.com — Wellen High, first new Sarasota high school in 25 years, opens its doors
    10. insurancenewsnet.com — AUD/USD Rate Divergence Hinges on Sticky Inflation Ahead of Jobs Report
    11. economictimes.indiatimes.com — CURRENCY CONVERTER
    12. www.thejakartapost.com — Indonesia & International Stock Market News
    confidence 95%
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