🔴 The dollar is still suffering from Jerome Powell's remarks in Jackson Hole, in which he indicated that it is time to cut interest rates.
• However, he did not specify the timing and amount, i.e. whether the cut will be 50 points or 25 points.
• But in general, the dollar is still suffering from some decline this week as an early pricing of interest rate cuts.
• The Japanese yen fell against a basket of global currencies, continuing its losses for the second day in a row against the US dollar.
• Today, the markets are waiting for the Consumer Confidence Index, and the statement will have an impact on the financial markets.