US Dollar Holds Firm Ahead of Jackson Hole Speech
The US dollar held firm near a one-week high as investors awaited a speech by Federal Reserve Chairman Kevin Warsh at Jackson Hole. Meanwhile, major currencies slipped while traders weighed potential rate hikes against persistent inflation pressures.
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The United States dollar held firm near a one-week high on Friday morning, heading for a weekly gain as investors awaited Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole symposium. The dollar index hovered at 99.18, supported by traders pricing in at least one 25 basis point rate hike this year amid persistent inflation.
