institutional analyst AdamButton said: "Although the market liquidity is thin today, selling pressure continues. The Euro to US Dollar (EUR/USD) touched 1.15 to the upside, the first time since November 2021, with an intraday gain of over 1%. I feel like I'm writing the same content in every article now, that the market has no confidence in the US economic plan. The US dollar 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 Euro to US Dollar exchange rate, the US dollar has also fallen against other currencies across the board. Another noteworthy development is the US Dollar to Swiss Franc exchange rate, which broke below an 8-day consolidation range, hitting a 10-year low.
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Analysts: Thin liquidity cannot stop the sell-off, and the core status of the US dollar is shaken
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