{
  "id": 4549872,
  "title": "Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160",
  "url": "https://urgent.news/2026/08/31/dollar-near-two-week-high-as-warsh-boosts-rate-hike-bets-yen-slips-4549872",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T02:36:31.000Z",
  "source": {
    "name": "The Jakarta Post",
    "slug": "the-jakarta-post",
    "url": "https://www.thejakartapost.com/business/2026/08/31/dollar-near-two-week-high-as-warsh-boosts-rate-hike-bets-yen-slips-past-160.html"
  },
  "original_language": "en",
  "account": "The US dollar reached near a two-week high on Monday as markets increased their expectations of a rate hike following hawkish comments from Federal Reserve Chair Kevin Warsh. Meanwhile, the yen slipped below the critical 160-per-dollar mark. Federal Reserve Chairman Kevin Warsh suggested in a recent interview that additional tightening might be necessary to bring inflation down to 2 percent. This statement bolstered predictions of a September rate increase, raising the probability of such a move to 57 percent. Consequently, yields on two-year US Treasury notes surged to a one-month high of 4.33 percent. Warsh's endorsement of the inflation target lessened the dollar's burden and refocused attention on economic fundamentals, according to OCBC's FX strategist Sim Moh Siong. This shift improved the Federal Reserve's credibility and diminished worries about currency inflation. Investors are now concentrating on upcoming US data, especially the nonfarm payrolls report on Friday and consumer inflation figures next week, both of which could influence expectations prior to the September Fed meeting. The euro climbed 0.1 percent to $1.1591, while the British pound held steady at $1.3539. Both currencies are on track for their second consecutive monthly gains. The dollar index, which gauges the US currency against six major currencies, dipped slightly to 99.6 after surging 0.6 percent on Friday to its highest level since August 17. However, the index is still on pace for a second consecutive monthly decline due to US Treasury bond-buyback plans initiated earlier in the month reigniting debasement trades. Dollar strength was also driven by rising oil prices on Monday. Brent oil surged nearly 2 percent following US forces' strike on Iran's Larak Island, marking America's first recorded attack on Iran since late July. The focus will shift to a G20 finance ministers and central bank governors meeting on Monday and Tuesday, where markets will look for evidence of coordinated efforts to cut ties with Iran and measures aimed at easing concerns over escalating US debt and bond yields. The persistently weak yen also received attention, with the dollar's newfound strength intensifying pressure on the Japanese currency, following its loss of much of the gains it made after July's intervention. The yen was slightly weaker at 160.01 per dollar, after dropping below the 160-per-dollar level on Friday, a threshold widely considered to heighten the risk of official intervention and rekindle interest in potential Tokyo and Washington intervention. US Treasury Secretary Scott Bessent claimed on Sunday that recent yen movements had been \"pretty well contained\" and that he anticipated Bank of Japan Governor Kazuo Ueda to \"do the right thing\" on monetary policy. Historically, interventions only succeed when fundamentals align in the same direction, said Carlos Casanova, UBP's senior Asia economist. The yen continues to face challenges from a wide rate differential, negative real rates, and the Bank of Japan's measured approach. Meanwhile, the New Zealand dollar remained stable at $0.5916, while the Australian dollar experienced a slight rise of 0.1 percent to $0.7163.",
  "summary": "The dollar held steady near a two-week high on Monday as markets ramped up bets on a rate hike after hawkish remarks by Federal Reserve Chair Kevin Warsh, while the yen slipped back through the closely watched 160-per-dollar level.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160",
        "url": "https://urgent.news/2026/08/31/dollar-near-two-week-high-as-warsh-boosts-rate-hike-bets-yen-slips",
        "published": "2026-08-31T01:32:04.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160",
        "url": "https://urgent.news/2026/08/31/dollar-near-two-week-high-as-warsh-boosts-rate-hike-bets-yen-slips-4547191",
        "published": "2026-08-31T01:37:01.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Australian Dollar eases from July 9 high vs New Zealand Dollar; awaits Aussie GDP and RBNZ",
        "url": "https://urgent.news/2026/08/31/australian-dollar-eases-from-july-9-high-vs-new-zealand-dollar-awaits",
        "published": "2026-08-31T02:47:09.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160",
        "url": "https://urgent.news/2026/08/31/dollar-near-two-week-high-as-warsh-boosts-rate-hike-bets-yen-slips-4558299",
        "published": "2026-08-31T02:49:53.000Z"
      }
    ]
  },
  "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."
}