Foresight News reports that according to Jinshi, currency options indicate that bullish sentiment for the US dollar has risen to its highest level in three weeks, as traders bet that Powell will not take too dovish a stance on interest rate cuts. "The possibility of a 25 basis point rate cut in September will be kept on the table," said Sonja Marten, head of foreign exchange and monetary policy research at Deutsche Bank, "but I don't think he will be more aggressive than that." Marten stated that Powell may resist pressure for rate cuts from Trump, making it "very clear that he will not take a path that may lack fundamental support due to pressure from the White House." Nick Rees, head of macro research at Monex Europe, stated that if the market overly focuses on any comments from Powell suggesting a possible rate cut in September, it could trigger an initial sell-off of the dollar, but this situation may be short-lived. "Overall, we expect the tone to lean hawkish, which will drive the dollar to strengthen further before the weekend."