According to Jinshi Data, the US dollar fell to a 13-month low late last week after Federal Reserve Chairman Powell delivered a speech at the Jackson Hole Symposium, sending a strong signal that interest rate cuts will begin in September.
ING Bank analyst Francesco Pesole said that as the impact of Powell's Jackson Hole speech fades and risk sentiment weakens, the dollar may have room for a small rebound. The dollar index may close above 101.0 in the next few days.
