ChainCatcher News, according to Jinshi, European Central Bank Executive Board member Nagel stated that the role of the US dollar as the preferred traditional currency during uncertain times is increasingly being questioned, leading to a weakening of its exchange rate. He pointed out that doubts about the dollar's status as a safe-haven currency have increased, and the dollar's weakness is expected to continue, as declining international investor confidence may persist.
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ChainCatcher News, according to Jinshi, European Central Bank Executive Board member Nagel stated that the role of the US dollar as the preferred traditional currency during uncertain times is increasingly being questioned, leading to a weakening of its exchange rate. He pointed out that doubts about the dollar's status as a safe-haven currency have increased, and the dollar's weakness is expected to continue, as declining international investor confidence may persist.