Crypto World
Dollar Stays Weak on Worries Over Foreign Selling of U.S. Assets
The dollar was recovering only marginally after reaching a one-and-a-half-week low overnight on concerns about foreigners selling U.S. assets.
These concerns were triggered by a Bloomberg report that said Chinese regulators advised financial institutions to reduce their exposure to U.S. Treasury holdings.
Elsewhere, Federal Reserve governor Stephen Miran played down the dollar’s recent weakness. He said the dollar would need to register a steeper fall than it already has for it to affect inflation.
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