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Trump: The dollar can be manipulated like a yo-yo in my hand, market risk aversion is at its peak

Trump stated that the dollar can rise and fall like a yo-yo at will, and his remarks ignited the market, causing the dollar index to plummet 0.84% to 96.219, hitting a four-year low.

The dollar weakened against all major currencies, non-dollar currencies surged collectively, spot gold reached a historic high of over 5180 dollars/ounce, and safe-haven demand surged.

It has long oscillated between a strong and weak dollar, tacitly allowing depreciation to boost exports and solidify votes, but it conceals the risks of inflation rebound and uncontrolled exchange rates, compounded by the approaching Federal Reserve policy meeting, leading to increasing policy uncertainty.

The dollar's status as a reserve currency is under scrutiny again, the global exchange rate system is under pressure, the linkage effect in the currency market is prominent, and with the demand for safe-haven assets increasing, volatility in the cryptocurrency market may further amplify, drawing attention from the entire network!