According to CoinMeta, Powell refused to provide clear guidance on the interest rate path for December, and the market still heavily bets on a rate hike. During the early trading session on Thursday in Europe, the US dollar index was trading around 102.25. After the Federal Reserve maintained interest rates unchanged as expected at its October monetary policy meeting, the US dollar index strengthened. Traders are awaiting the release of the US personal consumption expenditure inflation report for September, which is scheduled for Friday. Carol Kong, a foreign exchange strategist at the Reserve Bank of Australia, stated that Powell's lack of stance on further rate hikes was interpreted by the market as dovish, or in other words, his hawkishness was not as expected. Analysts at Mitsubishi UFJ Securities pointed out that Powell reiterated his commitment to bring inflation down to 2% and emphasized the continued strength of the US economy, further reinforcing the expectation that the tightening cycle may not have yet ended. The market currently estimates a 87% probability of a rate hike in December.