#trumpđ±đ±đ±đ±đ”đ”đ”đ„đ„
đșđž U.S. Dollar Under Pressure Amid Fiscal Concernsđ„đ„đ„đ„đ„đ€đ€
The U.S. dollar has declined for the third consecutive day, with the Dollar Index (DXY) dropping below 100.00, nearing 99.50. This downturn is attributed to investor apprehensions over the potential impact of Trump's tax-cut bill, which could increase the national debt by $3 to $5 trillion. Ađ„ recent 20-year Treasury bond auction saw yields exceed 5%, indicating reduced investor confidence in U.S. fiscal stability.
The dollar's weakness is furtherđ”đ”đ„ compounded by Moodyâs recent downgrade of the U.S. credit rating and concerns over the administration's fiscal policies. Investors are shifting towards safer assets, with gold prices approaching a two-week high of $3,325.79 and Bitcoin reaching a record high of $110,636.58.