LONDON—The dollar held firm on Monday following five straight weeks of gains, as investors looked ahead to the Federal Reserve’s Jackson Hole symposium for guidance on where rates might settle when the dust of this hiking cycle clears.
The U.S. dollar made a gain of 0.7 percent on the euro last week, inched ahead versus the yen and surged by more than 1 percent against the Antipodean currencies as U.S. Treasury yields leapt in anticipation of interest rates staying higher for longer.
