Dollar Near Two-Week High as Rate Hike Bets Rise

The dollar held near a two-week high on Monday, as investors increased their bets on a rate hike following Federal Reserve Chair Kevin Warsh's hawkish comments.

Warsh stated that the central bank would 'have work to do' if policymakers don't get the confidence they need that inflation is heading down to 2%, which fueled expectations of further tightening.

Markets now await upcoming US data, particularly Friday's nonfarm payrolls report and next week's consumer inflation figures, which could shape expectations ahead of the September Fed meeting.