{
  "id": 3962599,
  "title": "Dollar heads for weekly gain as Warsh remarks awaited",
  "url": "https://urgent.news/2026/08/28/dollar-heads-for-weekly-gain-as-warsh-remarks-awaited-3962599",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T12:16:32.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/banking-finance/dollar-heads-weekly-gain-warsh-remarks-awaited"
  },
  "original_language": "en",
  "account": "The US dollar edged closer to a weekly peak on Friday, with traders awaiting Federal Reserve chair Kevin Warsh's remarks at the Jackson Hole symposium. Inflation has remained consistently above 2%, prompting expectations of at least one 25 basis point rate hike this year. However, Warsh's reluctance to provide guidance has led analysts to believe an update on the Fed's five task forces is more probable. The euro and British pound were slightly weaker against the dollar, while the Japanese yen softened slightly against it as well. Analysts suggest Warsh might be considering the PCE deflator as an inflation measure, which could signal a more dovish stance and put pressure on the dollar. The dollar index, which gauges the currency against six peers, was at 99.18, just below a one-week high of 99.26 on Thursday. Despite the Fed's concerns about inflation, many anticipate they will hold interest rates steady through the end of the year, which may weigh on the dollar. The Australian dollar and Canadian dollar are both gaining momentum, with the former up 0.4% and the latter flat, reflecting growing expectations for rate hikes. Meanwhile, Bitcoin experienced a 26.7% gain in August, its largest monthly increase since late 2024.",
  "summary": "[LONDON] The US dollar held firm near a one-week high against major peers on Friday (Aug 28), as investors stood on the...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}