Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
TechFlow news, March 11 — According to Jinshi Data, growing economic anxiety in the United States has driven the dollar to a five-month low against a basket of major currencies. The dollar index hit its lowest level since mid-October, falling as much as 0.5% to 103.329.
Brad Bechtel, analyst at Jefferies, told clients: "We know this script by now—concerns over U.S. growth take us down to 100, and inflation worries bring us back up to 108."
According to Jinshi Data, rising economic anxiety in the United States has driven the dollar down to a five-month low against a basket of major currencies. The dollar index hit its lowest level since mid-October, falling as much as 0.5% to 103.329. Brad Bechtel, an analyst at Jefferies, told clients: "We know this script—concerns about U.S. growth sent us (the dollar index) down to 100, and inflation worries brought us back up to 108."
Navigating Web3 tides with focused insights
