Hello everyone, I am Big C! Recently, the dollar has been a bit erratic, sometimes strong and sometimes weak, causing anxiety among people. Deutsche Bank expert Michael Pfister said that the dollar may rise slightly in the short term, but don't be too happy too soon; this is just a fleeting moment!
Why do you say that? Because the expectation of the Federal Reserve lowering interest rates is like a mountain pressing down on the dollar. Trump has been calling for rate cuts and criticizing the independence of the Federal Reserve, which makes the recovery of the dollar even more difficult.
Pfister believes that the dollar has fallen a bit too much recently, so a slight rebound is allowed, but this rebound will not last long. Deutsche Bank predicts that the Federal Reserve will cut rates in September, and by then the dollar may start to decline again.
What does this mean for us in the cryptocurrency world?
Firstly, a weaker dollar may lead to increased global inflation. To preserve value, people may look for other investment channels, such as gold, cryptocurrencies, etc.
Secondly, a weaker dollar may attract funds into other assets, such as emerging market stocks, cryptocurrencies, etc.
Finally, a weaker dollar may affect the global economic landscape. As the world's main reserve currency, if the dollar's status is shaken, it may lead to significant changes in the global economic order, which presents both opportunities and challenges for the cryptocurrency market.
In summary, the future trend of the dollar is full of uncertainty, but the downward trend of the dollar has already formed. We cryptocurrency investors must closely monitor changes in the international economic situation and prepare for risks in order to remain undefeated in future market fluctuations!
The weakness of the dollar is the spring for cryptocurrencies! Follow Big C for daily market updates.
