Dollar Stays Strong as Markets Anticipate Fed Data and Jackson Hole

The US dollar held steady on Monday as markets awaited key economic data and a keynote speech from Federal Reserve chair Kevin Warsh at Jackson Hole.

Currency markets are sensitive to interest-rate expectations, and this week's packed schedule includes updates that can change how traders price the Fed's next steps.

On Wednesday, the US will release revised second-quarter growth reading plus July personal income, spending, and inflation figures, which could impact interest rate expectations.

The dollar's strength is also due to its relatively high interest rates compared to other major economies, such as Europe and Japan.