ChainCatcher reported that according to Jinshi, Fed Chairman Powell is scheduled to speak on the economic outlook at 10:00 pm Beijing time next Friday. Bank of America predicts that Powell's speech at the Jackson Hole conference is unlikely to have much impact on the US dollar.

Analysts at the bank pointed out that funds are still optimistic about the strengthening of the US dollar, which may bring downside risks. Bank of America said that the market has priced in four rate cuts this year, "We don't think Powell will go against market pricing. He will retain the option of aggressive easing, depending on the data before the September meeting."