The era of USD breaking 7 against RMB is about to begin, indicating that the US dollar has entered a weak cycle. Subsequently, the overall trend of the US Dollar Index is also weakening. The reason why the decline is not yet obvious is because the USD currency is also depreciating, for example, the Japanese Yen exchange rate has been heading towards 160.
Generally speaking, when the US dollar is in a weak cycle, risk markets tend to rise. Although this year’s crypto market, led by Bitcoin, has performed poorly, who knows if this is just the calm before the storm?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The era of USD breaking 7 against RMB is about to begin, indicating that the US dollar has entered a weak cycle. Subsequently, the overall trend of the US Dollar Index is also weakening. The reason why the decline is not yet obvious is because the USD currency is also depreciating, for example, the Japanese Yen exchange rate has been heading towards 160.
Generally speaking, when the US dollar is in a weak cycle, risk markets tend to rise. Although this year’s crypto market, led by Bitcoin, has performed poorly, who knows if this is just the calm before the storm?