On August 28th, Jin10 Data reported that last week, Federal Reserve Chairman Powell gave a speech at the Jackson Hole Symposium, sending a strong signal that interest rates will be cut in September, causing the dollar to fall to a 13-month low. Francisco Blanch, an analyst at ING, said that as the impact of Powell's speech at Jackson Hole gradually fades and risk sentiment weakens, the dollar may have a small rebound. The US Dollar Index may close above 101.0 in the next few days.
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Gate.io: There may be a small space for Rebound in the dollar
On August 28th, Jin10 Data reported that last week, Federal Reserve Chairman Powell gave a speech at the Jackson Hole Symposium, sending a strong signal that interest rates will be cut in September, causing the dollar to fall to a 13-month low. Francisco Blanch, an analyst at ING, said that as the impact of Powell's speech at Jackson Hole gradually fades and risk sentiment weakens, the dollar may have a small rebound. The US Dollar Index may close above 101.0 in the next few days.