By Chuck Mikolajczak
NEW YORK, Aug 27 (Reuters) - The dollar was roughly flat on Thursday after a round of economic data, while attention moved towards a speech by Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium.
Warsh is scheduled to speak at the gathering of central bankers on Friday, where investors will watch for clues on how policymakers plan to navigate a landscape in which higher Treasury yields could do some of the tightening work for them.
The dollar has rebounded 0.35% this week after a 0.83% drop in the prior week after U.S. Treasury Secretary Scott Bessent said the Treasury would double the size of quarterly repurchases of longer-dated bonds, sparking concerns that a shift to a more direct strategy to mitigate the rise in borrowing costs could lead to a debasement of the dollar.
The dollar index, which measures the greenback against a basket of currencies, edged up 0.05% to 99.18, with the euro off 0.03% at $1.1646.
#warsh #chuck #york #thursday
NEW YORK, Aug 27 (Reuters) - The dollar was roughly flat on Thursday after a round of economic data, while attention moved towards a speech by Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium.
Warsh is scheduled to speak at the gathering of central bankers on Friday, where investors will watch for clues on how policymakers plan to navigate a landscape in which higher Treasury yields could do some of the tightening work for them.
The dollar has rebounded 0.35% this week after a 0.83% drop in the prior week after U.S. Treasury Secretary Scott Bessent said the Treasury would double the size of quarterly repurchases of longer-dated bonds, sparking concerns that a shift to a more direct strategy to mitigate the rise in borrowing costs could lead to a debasement of the dollar.
The dollar index, which measures the greenback against a basket of currencies, edged up 0.05% to 99.18, with the euro off 0.03% at $1.1646.
#warsh #chuck #york #thursday
4 days ago
