CryptocurrencyThe US Dollar Is Soaring While The GDP Contracts

The US Dollar Is Soaring While The GDP Contracts


Revisiting The Dollar Bitcoin Relationship

In more recent issues, we’ve highlighted that over the last few months, bitcoin’s price has been a function of larger macroeconomic conditions of rising yields and credit unwinding leading to increased equity market volatility and rising U.S. dollar strength.

As of late, the Dollar Currency Index (DXY) which tracks the relative strength of the U.S. dollar measured against other key global currencies, is hitting new 20-year highs as major currencies like the euro, Japanese yen and British pound continue to weaken. The latest rise comes as the Bank of Japan triples down on their yield curve control efforts, purchasing an unlimited amount of 10-year bonds every business day to cap yields at 0.25%. 



Original Source Link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

‘Today Something Broke’: Princess Diaries Star Heather Matarazzo Explains Distressing Tweets ‘Struggling’ In Hollywood

Aw, this genuinely hurt out heart! Heather Matarazzo was having a rough one this week and decided to really...

No such thing as self-sabotage and common concepts that keep us stuck

Britt Frank is a licensed psychotherapist, trauma specialist, educator, and former addict. She is an award-winning adjunct professor...

XRP Flashed A Sign Of Revival; Where’s It Headed Next?

The price of XRP has nosedived substantially to a level that it last touched almost 70 weeks ago....

Dubai’s workers struggle with cost of living crisis

On any normal weekday, Dubai’s food delivery riders would be up and out early, but in recent days,...

Irish DTC e-commerce services company ESW to acquire Los Angeles-based Scalefast, which helps DTC brands launch online stores quickly, sources say for $300M+ (Ciara...

Ciara O'Brien / The Irish Times: Irish DTC e-commerce services company ESW to acquire Los Angeles-based Scalefast, which...

Must Read

- Advertisement -

You might also likeRELATED
Recommended to you