Analysts: Thin liquidity cannot stop the sell-off, and the core status of the US dollar is shaken

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According to ChainCatcher, institutional analyst AdamButton said: "Although market liquidity is thin today, selling continues. The EUR/USD exchange rate touched 1.15, the first time since November 2021, rising over 1% intraday. I feel like I'm writing the same content in every article, which is that the market has no confidence in the US economic plan. The US dollar has been at the core of a system built over 80 years, and all of this is being destroyed." In addition to the rise in the EUR/USD exchange rate, the US dollar has fallen against other currencies. Another point of note is the USD/CHF exchange rate, which broke through its 8-day consolidation range and hit a 10-year low.

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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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