After the U.S. PCE data was released, the U.S. dollar rose, recouping half of the decline caused by the buybacks.
According to Bloomberg, the dollar logged its biggest increase in nearly four weeks, recovering nearly half of the drop triggered last week when Treasury Secretary Scott Bessent unexpectedly intervened to support the bond market.
Before this rally, the inflation data that had been released strengthened market expectations that the Federal Reserve will start raising interest rates before the end of the year.
Changes in the macro environment directly affect risk appetite in the crypto market. The timing of the Fed’s policy shift remains the core variable driving market sentiment. If rate-hike expectations heat up again, it will likely put short-term pressure on high-risk assets.
#美联储 #美元 #Crypto market
According to Bloomberg, the dollar logged its biggest increase in nearly four weeks, recovering nearly half of the drop triggered last week when Treasury Secretary Scott Bessent unexpectedly intervened to support the bond market.
Before this rally, the inflation data that had been released strengthened market expectations that the Federal Reserve will start raising interest rates before the end of the year.
Changes in the macro environment directly affect risk appetite in the crypto market. The timing of the Fed’s policy shift remains the core variable driving market sentiment. If rate-hike expectations heat up again, it will likely put short-term pressure on high-risk assets.
#美联储 #美元 #Crypto market