According to Odaily, Swissquote Bank analyst Ipek Ozkardeskaya has indicated that the U.S. dollar has weakened as investors anticipate Federal Reserve Chairman Jerome Powell to signal an imminent rate cut at the Jackson Hole symposium on Friday. However, she believes the dollar's weakness may be overdone. Ozkardeskaya noted that the U.S. economy is performing better than most other countries, suggesting that the Federal Reserve has no reason to cut rates more significantly than other central banks in the coming months.