Dollar Dips to Three-Year Low, Boosting Crypto and Markets
TL;DR Summary
The dollar index (DXY) has fallen below 98 for the first time since early 2022, driven by softer inflation and expectations of a Federal Reserve rate cut, creating a favorable environment for risk assets like Bitcoin to potentially increase in value.
- Dollar Index Falls Below 98 for First Time in Three Years, Gives Room for Crypto Run CoinDesk
- Dollar slides to three-year low while FTSE 100 hits record high The Guardian
- The dollar's crown is slipping, and fast Reuters
- Options Traders Bet on Pause in Dollar’s ‘Sell America’ Rout Bloomberg
- The Dollar is Mired in its Worst Slump Since the 1980s. Don’t Expect a Quick Rebound Barron's
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