Dollar gains after hawkish comments from Fed's Warsh
The US dollar rose after Fed Chair Warsh's hawkish remarks; market sees 46% chance of September rate hike.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
The US dollar rose after Fed Chair Warsh's hawkish remarks; market sees 46% chance of September rate hike.
Currency pairs near technical levels ahead of Fed Chair Warsh's speech; yields edge higher.
US dollar edges higher in tight ranges ahead of Fed Chair Warsh's Jackson Hole speech and key data releases.
USD/JPY extends gains as traders await Fed Chair Warsh's Jackson Hole speech for policy clues.
The PBOC set the USD/CNY reference rate at 6.7811, higher than the estimated 6.7208. It also injected 353bn yuan via reverse repos.
BofA's model sees month-end rebalancing flows as mildly supportive for the dollar, with minor outflows expected in EUR/USD and GBP/USD.
Yen slide towards 160 keeps markets alert for G20 signals on possible joint intervention by Japan and US.
Credit Agricole's month-end rebalancing model suggests light dollar selling, contrasting with BofA's view of mild dollar support.
Key FX option expiries on August 28 include EUR/USD at 1.1650 and USD/CHF at 0.8000, with focus on Fed Chair Warsh's speech.