#BTCvsMarkets

Investors continue to lose confidence in the dollar. The US currency has reached its lowest level against the euro in three years this Monday, with an exchange rate of 1.15 dollars per euro at the start of trading in the foreign exchange market. The new decline of the dollar comes after attacks from US President Donald Trump against Federal Reserve Chairman Jerome Powell, whom he suggested he could fire if he wanted, although the law theoretically prevents it.

It rains on wet ground, both regarding Trump's threats to the independence of the Federal Reserve and the loss of confidence in the US currency due to the trade war declared against the world by the president. Most global markets closed last Friday for a holiday and some of them remain closed this Monday, resulting in lower activity than usual. Futures on US stock indices also started lower, as did US Treasury securities, while gold returned to act as a safe haven.

The dollar marked its lowest level in a decade against the Swiss franc this Monday at the opening of Asian markets, at 0.80695 dollars per Swiss franc, and slipped to its weakest level against the yen in seven months (140.63 yen per dollar), while the euro rose to 1.153 dollars, its highest in three years, amid the crisis of confidence in the dollar. The Bloomberg dollar index against a basket of currencies reached its lowest point since January 2024.