Analyst: The tariff debate has had a serious impact on the US dollar.

On June 12, Felix Brill, chief investment officer of VP Bank, said that the tariff debate had a serious impact on the dollar. Investors are turning to European investments, which is good for the euro. After a sharp drop in the US dollar, technical analysis points to a consolidation of the US dollar. Given the high trade deficit in the United States, the trade-weighted dollar is grossly overvalued and prone to further depreciation. This deficit is closely linked to record levels of external debt. The higher the external debt, the more difficult it is to obtain additional funds. "Correcting this imbalance requires more attractive U.S. asset prices, which are largely achieved through the depreciation of the dollar," Brill said.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)