According to BlockBeats, institutional analyst Adam Button noted that despite thin market liquidity, the dollar continues to be sold off. The euro against the dollar (EUR/USD) has risen above 1.15, marking its highest level since November 2021, with an intraday increase of over 1%. The market shows no confidence in the U.S. economic plan, and the dollar, which has been central to an 80-year-old system, is now facing significant challenges.
In addition to the euro's rise against the dollar, the dollar has weakened against other currencies. Notably, the dollar against the Swiss franc has fallen below an 8-day consolidation range, reaching its lowest point in nearly a decade.