- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
Earn- More
Trump: Not Worried About Dollar Depreciation, Can Let It Bobble Up and Down Like a Yo-Yo
BlockBeats News, January 28th, U.S. President Trump stated that he believes the depreciation of the U.S. dollar is not significant, calling the dollar "strong" and expecting its value to fluctuate. When asked if he is concerned about the depreciation of the dollar, Trump said: "No, I think the dollar is doing very well. I want it to go back to where it should be, that's the right thing to do." Trump also hinted that he could manipulate the dollar's exchange rate, saying: "I can make it go up and down like a yo-yo." However, he described this scenario as an unfavorable outcome, likening it to hiring unnecessary workers to embellish employment data, while criticizing Japan's attempt to devalue its currency.
The U.S. Dollar Index (DXY) initially saw a minor rise when Trump made his comments, but then plummeted over 50 points, hitting a new low since February 2022. Non-dollar currencies rose in response, with the offshore Chinese yuan briefly approaching the 6.93 level, and gold continued to hit new highs above $5180 per troy ounce. (FXStreet)
You may also like
February 10th Key Market Information Gap, A Must-See! | Alpha Morning Report
About ERC-8004: Everything You Need to Know
ai.com's Debut Flop: After $70 Million Transaction, Did It Get a '504' Timeout?
FedNow versus The Clearing House: Who Will Win the Fed Payments Fray?
Recovering $70,000 in Lost Funds: The "Fragile Logic" Behind Bitcoin's Rebound
Mr. Beast acquires Step, Farcaster Founder Joins Tempo, what are the international crypto circles talking about today?
February 9th Market Key Intelligence, How Much Did You Miss?
After being questioned by Vitalik, L2s are collectively saying goodbye to the "cheap" era
WEEX AI Trading Hackathon Paris Workshop Reveals: How Retail Crypto Traders Can Outperform Hedge Funds
Witness how WEEX's Paris AI Trading Hackathon revealed AI's edge over human traders. Explore key strategies, live competition results & how to build your own AI trading bot.
U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…
USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…
How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…
USOR vs Oil ETFs: Understanding Why the ‘Oil Reserve’ Token Doesn’t Track Crude Prices
Key Takeaways The U.S. Oil Reserve (USOR) token has become noteworthy for its claims, yet it does not…
Trend Research Reduces Ether Holdings After Major Market Turbulence
Key Takeaways: Trend Research has significantly cut down its Ether holdings, moving over 404,000 ETH to exchanges recently.…
Investors Channel $258M into Crypto Startups Despite $2 Trillion Market Sell-Off
Key Takeaways: Investors pumped approximately $258 million into crypto startups in early February, highlighting continued support for blockchain-related…
NBA Star Giannis Antetokounmpo Becomes Shareholder in Prediction Market Kalshi
Key Takeaways: Giannis Antetokounmpo, the NBA’s two-time MVP, invests in the prediction market platform Kalshi as a shareholder.…
Arizona Home Invasion Targets $66 Million in Cryptocurrency: Two Teens Charged
Key Takeaways Two teenagers from California face serious felony charges for allegedly attempting to steal $66 million in…
El Salvador’s Bukele Approval Reaches Record 91.9% Despite Limited Bitcoin Use
Key Takeaways: El Salvador President Nayib Bukele enjoys a record high approval rating of 91.9% from his populace,…
App