Dollar Eases, Trims Post-Warsh Gains -- Market Talk

0618 GMT - The U.S. dollar eases, trimming gains it made Friday after Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole symposium. Warsh addressed the necessity to work more to bring inflation back to the Fed's 2% target and hinted at a possible rate hike if necessary. "Fed Chairman Kevin Warsh's Jackson Hole speech was the clear market mover," BNY's Geoff Yu says in a note. "His more hawkish tone drove the market to reprice the probability of a September hike from roughly one-in-three to greater than 50/50, and nearly one and a half cumulative hikes by year end," the senior EMEA macro strategist says. The DXY dollar index falls 0.1% to 99.622, having hit a two-week high of 99.726 on Friday. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

August 31, 2026 02:18 ET (06:18 GMT)