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Dollar falls ahead of Powell’s Jackson Hole speech

Technical Analysis
By Mostafa Mahmoud
Dollar falls ahead of Powell’s Jackson Hole speech
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DOLLAR INDEX

مؤشر الدولار الأمريكي 21-8-2025

U.S. Dollar Index is trading above the support zone at $97.40, and prices are likely to move sideways between the minor resistance level at $98.90 and the mentioned support level.

Support

 97.40 96.35 –
Resistance 98.90 100.25

101.40

The U.S. Dollar Index (DXY) closed with a slight gain of around 0.06% at 98.28, supported by stronger than expected inflation data (PPI), which reduced the likelihood of a rate cut in September.

Despite this limited advance, markets remain cautious, particularly amid political debates over the Federal Reserve’s independence following criticism from President Trump, which is weighing on investor confidence. Attention is now focused on Jerome Powell’s upcoming speech at the Jackson Hole Symposium, which could shape the outlook for monetary policy. Any signals of delaying or slowing the pace of rate cuts may provide further support for the dollar, while confirmation of an easing path could renew pressure on the index in the coming weeks.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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