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Dollar Likely to Rise if Fed's Warsh Sounds Open to Raising Rates -- Market Talk

Dow Jones
Jun 03

1221 GMT - The dollar could rise if new Federal Reserve Chair Kevin Warsh leaves the door open to raising interest rates this year at the June 16-17 meeting, TD Securities forex strategist Howard Du says in a note. "Data suggest the Fed should have more rate-hike pressure than G-10 peers excluding the European Central Bank, but the market is hesitant to price in as much hiking odds without guidance from the new Fed chair." If Warsh leaves a 2026 rate rise on the table, the dollar could benefit from increased buying during U.S. trading hours, he says. The dollar weakened during U.S. hours initially this year but has recently been grinding higher on resilient U.S. economic data, Du says. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

June 03, 2026 08:21 ET (12:21 GMT)

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