Dollar Hits Two-Week High Amid Warsh's Rate Hike Bets

The US dollar has maintained its position near a two-week high on Monday due to increased bets of a rate hike following Federal Reserve Chair Kevin Warsh's hawkish remarks.

Warsh stated that if policymakers don't receive the confidence they need that inflation is heading down to 2%, the central bank will 'have work to do'.

This statement has fueled predictions of a September rate hike, with markets increasing the implied probability of a move.