USD index has been falling after failing to hit a new high in recent days and has now fallen below 110.
Almost all non-US currencies rose sharply, with such as the British pound and Australian dollar rising by more than 1%. Gold and silver also rebounded sharply. The decline in the
dollar index is due to the intervention of the US economy itself and other countries in the exchange rate . Federal has significantly hiked interest rates, expecting to loosen, and the US economic data is worse than expected, which are both internal factors that cause the weakening of the US dollar index. The Japanese government's intervention in the foreign exchange market brought the yen back below 150. The Chinese government has also held a joint move to stabilize the exchange rate. The basis of the exchange rate of
is the embodiment of economic strength. The proportion of the US economy in the world has fallen to about 20%. With other governments interfering in exchange rates, the US government cannot control the appreciation of the US dollar as it wishes.
is now time to affect the life and death of other countries, such as Japan has directly interfered in the exchange rate. The rise in the US dollar exchange rate will be strongly resisted by other governments. The US dollar exchange rate is likely to need to be tug-of-war at this stage, which reflects the confrontation of economic strength among countries. The future trend of the
dollar exchange rate depends on the result of the confrontation between the US economic and financial forces and other countries. The confrontation failed and the US dollar rose ended. In the face of victory, there will be a rapid rise, and then a continuous slow fall. The US dollar picks up the economic achievements of other countries like vultures.
