India, Aug. 25 -- A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22. Jerome Powell, in his speech at the Jackson Hole symposium on Friday signaled that interest rate cuts could be on the horizon.

The U.S. Dollar declined against the euro, the Japanese yen, the Swedish krona, and the Swiss franc during the week ended August 22, 2025, but strengthened against the British pound, the Australian dollar and the Canadian dollar. The six-currency Dollar Index also recorded losses. The turbulence in currency markets attributed to the Fed Chair Jerome Powell's keenly anticipated speech at Jackson Hole on ...