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The dollar held steady before the release of the Federal Reserve meeting minutes.

2026-07-08 18:04:32

Abstract generation in progress

Jinse Finance reports that on July 8, the U.S. dollar steadied ahead of the release of the Fed's June meeting minutes. With Kevin Warsh committed to maintaining price stability and forecasts indicating the possibility of tightening, his first meeting as Fed Chair prompted the market to price in more rate hike expectations. However, in a report, Steve Englander of Standard Chartered said that Warsh clearly avoided policy guidance, so he seems unlikely to allow such guidance to be provided through the meeting minutes. "Avoiding any discussion of rate hikes could be seen by the market as a reluctance to act." The DXY dollar index was flat at 101.017, after briefly hitting a nearly one-week high of 101.215 overnight due to safe-haven inflows triggered by heightened U.S.-Iran tensions and a tech stock sell-off. (Sina Finance)

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