The market bets that Powell will maintain a hawkish stance, and bullish sentiment for the dollar is rising

ChainCatcher news, according to Jinshi reports, currency options indicate that bullish sentiment on the dollar has risen to its highest level in three weeks, as traders bet that Powell will not take an overly dovish stance on interest rate cuts.

Sonja Marten, head of foreign exchange and monetary policy research at Deutsche Bank, stated that the possibility of a 25 basis point rate cut in September will be maintained, but Powell will not be more aggressive than that.

Nick Rees, head of macro research at Monex Europe, pointed out that if the market overly focuses on Powell's comments suggesting rate cuts, it could trigger an initial sell-off of the dollar, but this situation may be short-lived.