Dollar is likely to give back a good part of the gains if Powell disappoints – Commerzbank

The main event today will be the US Fed's Jackson Hole Symposium. Economists at Commerzbank analyze how Fed Chair Powell’s speech could impact the US Dollar.

Hawkish comments by Powell could push the USD a bit further

Comments by Powell, which the market interprets as hawkish, could push the USD a bit further. 

If Powell disappoints, on the other hand, the Dollar is likely to give back a good part of the gains it has already made in the run-up to the speech.