According to Deep Tide TechFlow news, on August 22, Jin10 reported that Commonwealth Bank of Australia economist Capurso said that Fed Chairman Powell's speech at the Jackson Hole annual symposium will be the next catalyst for the movement of the US dollar. However, do not expect Powell to send a clear signal in either direction.



Caputo said he may hold onto his options and wait for more data. However, 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 bar for Powell to deviate from market expectations.
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