Dollar Holds Steady Ahead of Warsh's Jackson Hole Debut

The US dollar held steady near its one-week high against major peers on Friday as investors waited for clues from Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole symposium.

Warsh's remarks were expected to shed light on his policy approach and how he would tackle inflation, although some market participants were tempered by his opposition to providing explicit forward guidance on interest rates.

The euro and sterling were subdued near one-week lows against the dollar, with the euro last at $1.1652 and the sterling at $1.3597.