Dollar Steadies Near One-Week High Ahead of Warsh's Jackson Hole Debut

The US dollar remained steady near a one-week high against major peers on Friday as investors awaited Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole symposium for clues on his policy outlook.

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

Market participants are keenly awaiting Warsh's debut speech in Jackson Hole, Wyoming, for clues on how he would approach monetary policy and tame inflation, though expectations were tempered by his opposition to providing explicit forward guidance on rates.

Certain Fed officials reiterated their ongoing concerns about US inflation and signaled they were open to rate hikes.