Dollar Trades Steady Ahead of Fed Minutes

Dow Jones15:05

0705 GMT - The dollar trades steady ahead of the release of the Federal Reserve's meeting minutes for June at 1800 GMT. Kevin Warsh's first meeting as Fed Chair had prompted markets to price in more interest rate rises due to his commitment to price stability and projections signalling a chance of tightening. However, Warsh explicitly avoided policy guidance so it seems unlikely he would permit such guidance via the minutes, Standard Chartered's Steve Englander says in a note. "Avoiding any discussion of rate hikes may come to be seen by the market as a reluctance to move." The DXY dollar index trades flat at 101.017, having briefly reached a near one-week high of 101.215 overnight on safe-haven flows due to increased U.S.-Iran tensions and tech-stock selling. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

July 08, 2026 03:05 ET (07:05 GMT)

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