The dollar fell against most major currencies during trading on Friday following Jerome Powell's remarks at the Jackson Hole forum regarding the possibility of an interest rate cut in the September meeting.

The Chairman of the U.S. Federal Reserve, Jerome Powell, hinted during his speech at the "Jackson Hole" seminar on Friday that there might be a reduction in interest rates in the near future, but he emphasized that the high level of uncertainty makes the task of policymakers more complicated.

Powell confirmed that the labor market remains strong and the economy has shown resilience, but risks have increased recently, explaining that tariffs could push inflation up again, which is something the Fed aims to avoid.

He noted that the benchmark interest rate is now about 1% lower than its level a year ago, and that declining unemployment gives the Fed room to act cautiously in adjusting monetary policy, adding that the fundamental outlook and changes in risk balances may indeed warrant a review of the current stance.

In terms of trading, the dollar index fell by 0.9% to 97.7 points at 20:20 GMT, having recorded a high of 98.8 points and a low of 97.5 points.#StrategyBTCPurchase $ETH