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fxJul 1, 2026, 9:26 AM

Dollar Supported as Focus Turns to Fed Chair Warsh

The dollar remains well bid and has held onto gains since the last FOMC meeting. With the Fed now lacking forward guidance, markets will closely watch comments from new Chair Kevin Warsh.

DXY

The dollar remains well bid and is holding onto the gains achieved since the last FOMC meeting. The greenback's strength persists as the market digests the absence of explicit forward guidance from the Federal Reserve.

Attention is now turning to the new Fed chairman, Kevin Warsh. Traders will scrutinize any public remarks for signals on the future path of monetary policy, which could provide further support for the dollar.

Given the current environment, any hawkish commentary from Warsh would likely reinforce the dollar's upward momentum.

Source: FXStreet Forex News