Analyst: The dollar may have been excessively weak

ChainCatcher news, Swiss bank analyst Ipek Ozkardeskaya stated that the dollar fell as investors expect Federal Reserve Chairman Powell to clearly signal an upcoming rate cut at the Jackson Hole seminar on Friday, but the weakness seems to be overdone. She mentioned that the performance of the U.S. economy is better than that of most other countries, and based on this alone, the Federal Reserve has no reason to cut rates more significantly than other central banks in the coming months.