Busy week for Fedspeak via @business https://t.co/HbUbic7rGt
Dollar firms heading into busy week of geopolitics and Fed speak - Reuters https://t.co/0cacaqntFe
Morning Bid: Geopolitics dominates, before Fed takes the stage https://t.co/kc3LDxRM5K https://t.co/kc3LDxRM5K
The U.S. dollar edged higher on Monday as currency traders positioned for a week dominated by geopolitics and central-bank commentary. The greenback rose to ¥147.38 against the yen and gained 0.2% on the euro to $1.1683; sterling slipped 0.1% to $1.3546. The dollar index was last at 97.85, trimming some of last week’s losses. Investors are focused on a White House meeting later in the day where President Donald Trump will press Ukrainian President Volodymyr Zelenskiy, joined by several European leaders, to advance peace talks with Russia. The prospect of progress in the Ukraine conflict has kept risk assets bid and energy prices subdued, analysts said. Monetary policy expectations are also in play. Futures imply an 85% probability the Federal Reserve will cut rates by a quarter-point in September, down from 98% a week ago after firmer U.S. wholesale-price and retail-sales data. Attention now shifts to the Aug. 21-23 Jackson Hole symposium, where Chair Jerome Powell will discuss the economic outlook; traders will parse his remarks for any signal on the timing of easing.