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Jeffrey: The era of a strong dollar has peaked, the dollar may further soften

Jeffrey: The era of a strong dollar has peaked, the dollar may further soften

Bitget2025/04/16 07:10

Due to ongoing concerns about the impact of Trump's tariffs on the US economy, the dollar has fallen. "People have questioned the credibility of American exceptionalism and the dollar as a reserve currency," said Jefferies economist Mohit Kumar in a report. He said that in the medium term, tariffs could reduce America's reliability and investors will look for other destinations. He stated that the era of a strong dollar has peaked and it may further soften. As central banks around the world seek to reduce their dependence on dollars, gold prices may benefit.

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