Dollar Rises Ahead of Powell’s Key Speech

Dollar Trends and Fed's Potential Interest Rate Cuts

The U.S. dollar saw a resurgence, rebounding from a 13-month low against the euro on Thursday. This movement anticipates Federal Reserve Chair Jerome Powell's upcoming speech. The dollar's recent dip was largely attributed to concerns about a weakening U.S. economy and speculations that the Federal Reserve might soon cut interest rates. Market analysts are debating whether this potential rate cut will be by 25 or 50 basis points in the September meeting.