Upcoming Remarks from Fed's Warsh Could Lift Dollar

Dow Jones07-01 15:42

0742 GMT - The dollar should remain firm if Federal Reserve Chair Kevin Warsh focuses on price stability when he speaks at the European Central Bank's forum in Sintra, Portugal, at 1300 GMT, ING's Chris Turner says in a note. In his first Fed meeting as chair in June he emphasized the need to bring inflation back to the 2% target. Since then, data have showed core PCE inflation at 3.4% and another bumper jobs report. A pushback against market pricing for rate rises "would be a big surprise" and instead his comments present "upside risks" to the dollar, Turner says. The DXY dollar index rises 0.2% to 101.357 and ING sees it potentially returning to 101.700-101.800 in reaction to Warsh's comments.(renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

July 01, 2026 03:42 ET (07:42 GMT)

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