According to ChainCatcher and Trader T's monitoring, the US dollar index has fallen below 99, currently at 98.6, which is the lowest level since the Federal Reserve implemented its first rate hike since 2018 in March 2022. It has dropped 9% year-to-date, which means that any asset with a gain of less than 10% is actually depreciating in terms of US dollar purchasing power.
Data: The US dollar index has fallen below 99 and is now at 98.6
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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