The Greenback index (DXY), which measures the power of the U.S. greenback in opposition to a basket of different currencies, has dropped under the 100 mark for the primary time since April 2022.
In January, analysis from CoinDesk famous that the DXY index was mirroring the sample seen throughout President Trump’s first time period — and it now seems to have achieved simply that. The index has fallen over 10% from its latest excessive of 110 and is now at its lowest stage in three years.
Investor sentiment continues to shift away from U.S. belongings, placing additional downward stress on the greenback, as commerce tensions between the U.S. and China intensify.
Simply earlier than press time, China introduced a rise in tariffs on U.S. items, elevating the overall levy to 125% from 84%, signaling a agency stance within the ongoing commerce dispute.
In the meantime, bitcoin (BTC), which has lately behaved as a low-beta asset in comparison with equities, stays resilient and continues to commerce above $81,000.
