Dollar Sell-off Continues, Leading to Broad-based Decline in Non-US Currencies

Blockbeats
Yesterday

BlockBeats News, April 21st, analyst Adam Button stated: "Although today the market liquidity is thin, the USD selling continues. The EUR/USD rose above 1.15, the first time since November 2021, with an intraday gain of over 1%. The market has no confidence in the U.S. economic plan, and the USD has always been at the core of a system built over 80 years, and all of this is being destroyed."

In addition to the rise in the EUR/USD exchange rate, the USD has fallen against other currencies, with the USD/CHF rate breaking below an 8-day consolidation range, hitting a nearly 10-year low. (FXStreet)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10