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Bitunix Analyst: Dollar Continues to Fluctuate, Forex Market Watches Powell's Testimony, Crypto Market Gathers Momentum
Summary: According to reports, the forex market saw the US dollar index stabilize this week, reaching a three-week high against the Japanese yen, reflecting a combined response to the easing of tensions between Iran and Israel and a shift in Fed policy. Fed Governor Waller stated support for a possible rate cut as early as July, ...
According to reports, the forex market saw the US dollar index stabilize this week, reaching a three-week high against the Japanese yen, reflecting a combined response to the easing of tensions between Iran and Israel and a shift in Fed policy. Fed Governor Waller stated support for a possible rate cut as early as July, with Powell set to testify in Congress next week, potentially influencing short-term trends in the dollar and asset prices. The Bank of Japan remained unchanged, but economists see an increased likelihood of a rate hike before autumn, while the Bank of England maintained rates at 6:3, highlighting internal divisions. Positive signals from Middle East negotiations were released, but markets remain cautious about trade war and inflation risks, with central banks of various countries becoming a focal point of market attention. Bitunix analysts advise investors to wait for confirmation of direction before making decisions, with BTC support at $103,300-$102,700, maintaining its short-term upward trend.
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Link: Bitunix Analyst: Dollar Continues to Fluctuate, Forex Market Watches Powell's Testimony, Crypto Market Gathers Momentum [Copy]
