The dollar index fell today after Powell’s speech, reaching the region of 102.200, as US indices declined, as Man Powell adhered to reducing inflation to the level of two percent, which raised fears of taking more monetary tightening measures, as he also stated that more increases in interest rates may occur in the remainder of 2023 and what After that, because the goal is to reduce inflation to 2%, it will also be likely to raise the interest rate, but more economic data must be looked at as that

(Tomorrow there will be very important data, which is unemployment and home sales, as well as a speech by Powell, and it will be a busy day as a result of the fluctuations that will occur in the markets)

Currently, the dollar is in a downward wave and at the 102.160 area. If it stabilizes above the 102.740 area, we will witness a rise towards the 103.050/103.500 areas, but if it stabilizes below the 101.830 area, we will see the 101.500/101.000 areas.