Markets brace for Fed commentary and key inflation figures that could sway USD strength next week.
The US Dollar Index (DXY) closed the week nearly unchanged, stabilizing around 98.80 after dipping to the 98.50 range earlier in the session. The currency’s resilience comes ahead of two critical events: former Fed governor Kevin Warsh’s debut at the Jackson Hole symposium and upcoming US inflation reports.
Last week’s DXY performance mirrored Thursday’s range-bound trading, reflecting cautious sentiment as investors await fresh monetary policy signals. The index remains below its recent highs, with inflation data and Fed rhetoric likely to dictate near-term direction.
No immediate market reaction was reported, but traders are positioning for potential volatility as the week unfolds.