US Dollar in Freefall: Traders Flock to Digital Havens as Fiat Stumbles
The greenback’s nosedive accelerates—another bad day for traditional finance’s poster child.
While the Fed scrambles to spin the narrative, crypto markets quietly absorb the capital flight. No bailouts, no excuses—just code doing its job.
Funny how ’stable’ currencies keep imitating altcoin volatility these days. Maybe Wall Street should try harder.
Source: MarketWatch
Leading local currencies are having an upper hand in the forex markets and racing ahead of the USD. The US dollar had touched a high of 109.40 this year but quickly slipped below the 100 level in the currency markets. Federal Reserve Governor Christopher Waller said to Fox Business that reducing tariffs to 10% could push the markets on the right track.
said Waller.If TRUMP continues with the tariffs, the US dollar could lose further steam in the currency markets.
Currency: Not US Dollar, Asian-based Financial Assets See an Influx of Investments
The investments in the US dollar have declined while Asian-based financial assets experienced an influx of funds. Trump’s tariffs and trade wars have tipped the markets towards other countries that are now more lucrative for investments. The US dollar is caught in the crosshairs of tariffs and is weakening in the currency sector.
Global investments in China have seen a major uptick and investors take an entry position in the Asian markets. Read here to know the latest prediction on the US dollar’s prospects in the currency markets provided by BlackRock.
