CoinVoice has recently learned that Capso, an economist at the Commonwealth Bank of Australia, stated that the speech made by Federal Reserve Chairman Powell at the Jackson Hole annual symposium will be the next catalyst for the dollar's movement. However, do not expect Powell to give a clear signal in either direction.

Capso said he may keep his options open and wait for more data. But if Powell indicates a willingness to cut rates, the market is expected to price in the September rate cut more fully, and the dollar will decline moderately. He mentioned that the probability of a rate cut in September is currently around 70%, which sets a high threshold for Powell to deviate from market expectations. (Jin Shi) [Original link]