The US dollar is experiencing volatility as it approaches a seven-month low against major currencies, including the euro and British pound. Market sentiment is largely influenced by expectations surrounding Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole Economic Symposium. The dollar's decline has been attributed to bets on potential interest rate cuts by the Federal Reserve, which have weakened its standing against the British pound, now hovering near a one-year high, and the Japanese yen, which has gained strength amid a hawkish tone from Bank of Japan Governor Kazuo Ueda. As traders await key economic data and Powell's remarks, the dollar's performance remains a focal point for investors, with equity futures showing a slight uptick and treasury yields stabilizing. The market is poised for further developments as Powell's speech is anticipated to provide insights into the Fed's monetary policy direction.