Jackson Hole aftermath keeps dollar supported
Good morning. The dollar is edging off highs reached last week as traders digest Friday’s hawkish tilt in Fed communications, monitor developments in oil markets, and brace for a slew of event risks in the days ahead. Ten-year Treasury yields are holding near their highest levels since early last year, equity markets are setting up for modest declines at the open, and most major currencies are inching higher in convictionless trading. Odds on a rate hike at the Federal Reserve’s September meeting jumped after chair Kevin Warsh underscored a hawkish tilt among policymakers in Friday’s address at the Jackson Hole...