Shafaqna English– In Friday(28 Aug 2026) trading, the U.S. dollar stabilized near its one-week peak against major currencies. Markets are in a holding pattern ahead of Kevin Warsh’s pivotal Jackson Hole speech, with investors scrutinizing for any signals of a shift in interest rate policy and the Federal Reserve’s economic outlook.
While the dollar has shown strength against major currencies, the euro and sterling steadied near one-week lows on Friday. Nonetheless, both currencies remain on track for a second consecutive monthly gain, suggesting that their recent downtrend may be temporary and they remain favorably positioned against the dollar in the long run.
Source: Reuters