Dollar edges higher ahead of Fed meeting under new chair Kevin Warsh

Reuters··Read original
3▲1 ▼2Impact / 5
Summary · why it matters

The dollar inched higher against most major peers on Wednesday ahead of the Federal Reserve's first policy decision under chair Kevin Warsh. The euro fell 0.16% to $1.1591 and the pound shed 0.15% to $1.340 as the dollar drew a small safe-haven boost from remarks by U.S. President Donald Trump that the memorandum of understanding on Iran was not final and that he could resume a bombing campaign. The Fed is widely expected to stand pat at Warsh's debut meeting, but the statement, economic projections, and news conference will be scrutinized for signals of a shift away from an easing bias as officials grow more hawkish on inflation risks. Money market pricing reflects around an 80% chance of the Fed hiking rates this year. The Bank of England meets on Thursday with no policy change expected, while the yen stood at 160.25 per dollar, keeping traders on alert for potential intervention by Japanese authorities.

Impact on assets 3

Others± Mixed · 3 stocks
© 2026 MarketIVNews