March 2 (UTC+8), Member of the Executive Board of the European Central Bank, Nagel, stated that the role of the dollar as the preferred traditional currency during periods of uncertainty is increasingly being questioned, leading to a weakening of its exchange rate.
He noted that skepticism about the dollar's status as a safe-haven currency is growing, and it is expected that the dollar's weakness will persist as the decline in international investors' confidence may continue.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
March 2 (UTC+8), Member of the Executive Board of the European Central Bank, Nagel, stated that the role of the dollar as the preferred traditional currency during periods of uncertainty is increasingly being questioned, leading to a weakening of its exchange rate.
He noted that skepticism about the dollar's status as a safe-haven currency is growing, and it is expected that the dollar's weakness will persist as the decline in international investors' confidence may continue.