The dollar index, which tracks the currency against six major peers, rose 0.55% to 99.703 at the New York close on the 28th. EUR/USD fell to 1.1580 from 1.1649; GBP/USD fell to 1.3531 from 1.3589. USD/JPY rose to 160.14 from 159.43; USD/CHF to 0.8096 from 0.8043; USD/CAD to 1.3907 from 1.3858; USD/SEK to 9.6137 from 9.5220.

REUTERS SURVEY: Median of 10 economists expects South Korea's August exports to rise 62.6% YoY, extending a 15-month run of YoY gains and roughly in line with July's 63% surge. Analysts say a global surge in AI chip demand — led by memory shipments from Samsung Electronics and SK Hynix — remains the main driver. iM Investment Securities economist Park Sang-hyun says IT product and semiconductor exports should sustain high growth, but YoY gains will likely moderate over time due to base effects even as strong global manufacturing supports the trend.

DWS Americas head of fixed income said during KEVIN WARSH’s remarks that “call it what you will, this is exactly the forward guidance markets expected from the July FOMC meeting. I’m hearing a Fed chair who might tighten policy. He tried to strike a balance, but the Fed is likely to raise rates.”