$BTC $ETH
Surprise!
Under the signal of interest rate cuts from the Federal Reserve, the decline of the dollar seems to be limited?
The movement of the dollar has always affected the global economy! On June 18, Mitsubishi UFJ analyst Derek Halpenny revealed in a report that Federal Reserve Chairman Powell may signal future interest rate cuts in the meeting on Wednesday.
It was initially thought that this would lead to a significant drop in the dollar, but the situation is not so. Due to the backdrop of the conflict between Israel and Iran, even if Powell's remarks are somewhat “dovish” and hint at rate cuts, causing expectations for rate cuts after September to slightly rise, as long as the outlook for the Israel-Iran conflict remains unclear, the willingness to sell the dollar is not high, so the extent of the dollar's decline may be limited.
