PANews August 22 news, according to Jinshi Data reports, currency options show that bullish sentiment for the US dollar has risen to its highest level in three weeks. Traders generally bet that Federal Reserve Chairman Powell will maintain a hawkish stance on interest rate policy. Sonja Marten, head of foreign exchange and monetary policy research at Deutsche Bank, believes that although there is a possibility of a 25 basis point rate cut in September, Powell is unlikely to take more aggressive rate cut measures and may resist pressure for rate cuts from the White House.

Nick Rees, head of macro research at Monex Europe, states that if Powell's comments suggesting a possible rate cut in September are overinterpreted by the market, it may trigger a brief sell-off of the US dollar. However, overall, market expectations will lean hawkish, which may further strengthen the US dollar before the end of this week.