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The US Dollar Is Soaring While The GDP Contracts

Revisiting The Dollar Bitcoin Relationship

In more moderen points, we’ve highlighted that over the previous few months, bitcoin’s worth has been a operate of bigger macroeconomic situations of rising yields and credit score unwinding main to elevated fairness market volatility and rising U.S. greenback power.

As of late, the Dollar Currency Index (DXY) which tracks the relative power of the U.S. greenback measured towards different key world currencies, is hitting new 20-year highs as main currencies just like the euro, Japanese yen and British pound proceed to weaken. The newest rise comes because the Bank of Japan triples down on their yield curve management efforts, buying a limiteless quantity of 10-year bonds each enterprise day to cap yields at 0.25%. 

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