Christine Lagarde’s speech may have a greater impact on the Euro and cause a DXY correction.

The Dollar has strengthened into the Jackson Hole Symposium and economists at ING think a hawkish tone by Fed Chair Powell is now largely priced in

Powell’s hawkishness looks largely in the price

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The recent firmness in the Dollar probably factors in some of the markets’ expectations for a hawkish tone by Powell, so we don’t expect another USD rally today.\xa0