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- 🗒 Gate.io Suggested Topics Posting Event: #MemeBox 2.0 Is Officially Live#
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Analyst: Thin liquidity can't stop the dumping, the core position of the US dollar is shaken.
ChainCatcher news, institutional analyst AdamButton stated: "Although market liquidity is thin today, the selling continues. The EUR/USD has touched 1.15 to the upside, the first time since November 2021, rising over 1% intraday. I feel like I'm writing the same content in every article, that the market has no confidence in the U.S. economic plan. The 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 of the EUR/USD exchange rate, the dollar has fallen against other currencies. Another point to follow is the dollar against the Swiss franc, which has broken below the 8-day consolidation range, reaching a 10-year low.