On April 21, institutional analyst Adam Button stated: “Although market liquidity is thin today, the dollar selling continues. The EUR/USD has risen to 1.15, the first time since November 2021, with a daily rise of over 1%. The market has no confidence in the US economic plan, and the dollar has been at the core of a system built over 80 years, which is now being destroyed.” Besides the rise in the EUR/USD exchange rate, the dollar has fallen against other currencies, with the USD/CHF exchange rate breaking below an 8-day consolidation range, hitting a nearly 10-year low. ( Jin10 )
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The selling of the dollar continues, with a comprehensive fall against non-US currencies.
On April 21, institutional analyst Adam Button stated: “Although market liquidity is thin today, the dollar selling continues. The EUR/USD has risen to 1.15, the first time since November 2021, with a daily rise of over 1%. The market has no confidence in the US economic plan, and the dollar has been at the core of a system built over 80 years, which is now being destroyed.” Besides the rise in the EUR/USD exchange rate, the dollar has fallen against other currencies, with the USD/CHF exchange rate breaking below an 8-day consolidation range, hitting a nearly 10-year low. ( Jin10 )