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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Concerns about the rise of the US economy intensified, with the dollar hitting a one-week low.
On March 18, the dollar resumed its fall trend, falling to a one-week low. Earlier in this trading session, it briefly rebounded, but due to growing concerns about the US economy, the dollar came under pressure again. ING analyst Francisco Pessolano said that the weak US retail sales data released on Monday exacerbated concerns about deteriorating consumption prospects. The Trump administration has stated that it may accept an economic recession as a necessary cost of tariffs. Trump has confirmed that he will advance with retaliatory tariffs on April 2. ING also believes that if negotiations between the US and Russia on the ceasefire in Ukraine progress on Tuesday, safe-haven funds may decrease, and the dollar may face further downside risks.