Dollar Vulnerable Ahead of Remarks From Bessent, Warsh -- Market Talk

Dow Jones2026/08/24 08:13

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0813 GMT - The dollar is at risk of falling ahead of remarks from Treasury Secretary Scott Bessent and the Federal Reserve's Jackson Hole symposium, MUFG Bank's Derek Halpenny says in a note. Bessent could provide information on fiscal consolidation plans later Monday after the Treasury announced increased buybacks of long-dated securities last week. Fed Chair Kevin Warsh is due to speak at Jackson Hole on Friday. Warsh could continue to provide little signals about future policy, Halpenny says. "That could see the long-end of the bond market suffer especially if by then there has been no credible measures announced on fiscal consolidation." The DXY dollar index last trades up 0.2% at 98.966, having reached a three-month low of 98.557 Thursday. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

August 24, 2026 04:13 ET (08:13 GMT)

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