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US Dollar Holds Near One-Week High Before Warsh Policy Debut

By TLA AI Editor4 min read

Hong Kong, 28 August 2026 – The US dollar held near a one-week high against major currencies on Friday as investors waited for Federal Reserve chairman Kevin Warsh’s first Jackson Hole address for guidance on inflation, interest rates and the central bank’s policy framework. The dollar index was little changed at 99.13 in early Asian trading, leaving regional markets positioned for a potentially sharp reaction to the speech.

The euro traded near US$1.1652 and sterling around US$1.3597, both close to one-week lows against the greenback. The yen stood at 159.34 per dollar after surrendering part of the gains generated by recent intervention, although it remained on course for a monthly advance of about 1.3%. These moves show investors reducing directional exposure rather than expressing a strong conviction before the policy event.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.