19.08.202501:48:36UTC+00Dollar Edges Higher After White House Summit

The dollar index advanced past 98.2 on Tuesday, building on gains from the previous session, as investors turned their attention to a crucial summit involving President Donald Trump and European leaders, focused on ending the conflict in Ukraine. In the discussions, President Trump explored possible security guarantees for Kyiv and announced forthcoming meetings that will include Russian and Ukrainian leaders, in which he will participate. Ukrainian President Volodymyr Zelenskiy indicated that Ukraine has proposed purchasing approximately $90 billion in U.S. weaponry as part of these security assurances, with the specifics set to be resolved within the next ten days. On the monetary policy side, the market is also anticipating the Federal Reserve’s annual Jackson Hole symposium later this week, seeking clues regarding future interest rate directions. Fed Chair Jerome Powell is slated to address the economic outlook alongside the central bank’s policy strategy. The dollar posted its most significant gains against the euro and the yen.