The expert argues that the US dollar is weak “does not cause”, as the economist descends from reducing the value of “global growth” – Bitcoin units (BTC) of useless useless interest (ARCA: BTC)

Since the US dollar has witnessed the largest decrease for two days in more than two years, an economist argues in the importance of reducing the value of global growth while another expert explains the weakness as symptoms and not a cause.

What happened: Crescat Capital, strategic expert, Utavio Costa The most prominent decrease in the dollar for two days in more than two years at the end of x post.

While he said that the dollar was the “most indifferent” regarding other currencies, Fiat, he repeated the assertion that it “needs to reduce the value of global growth.”

However, according to Aditya SeachThe founder and administrative director of Basiz Fund Services, the weakness in the dollar was “symptoms, not a cause”.

Like other economists Peter Chef He said that plans to form a Bitcoin BTC/USD The strategic reserves in the United States may be a reason for the “dollar disappearance”, saying that “the final winner will be golden.”

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Why do it matter: “It is not surprising that the US dollar is under pressure at different points in time,” Seach said, while highlighting the following developments as “symptoms.”

• Correction after a period of strength: According to SESH, the strong performance of the last dollar against other major currencies makes it vulnerable to correction of the natural market.

• Financial effects: “A review of public financing in the United States”, including cleaning the US Agency for International Development and spending discounts by the Ministry of Government efficiency, “a long, arduous task.”

• Economic slowdown signals: Seach also highlights the economic weakness that hinders the US dollar. According to him, indicators of decrease such as the ISM Procurement Manager Index, especially the decline in new requests, indicate a possible slowdown in American manufacturing.

• Geopolitical burdens and infrastructure: Finally, the state of the dollar currency, as well as the need to renew the infrastructure of aging, creates great financial obligations that can put down pressure on the currency, according to Sesh.

Price work: the SPDR S & P 500 ETF TRUST spy and Investco QQQ TRust ETF QQqWhich follows the S&P 500 index and the NASDAQ 100 index, respectively, in Premarket on Thursday. The stolen decrease 0.87 % to $ 577.96 and QQQ fell 1.10 % to 496.48, according to L. Benzinga Pro Data.

On Wednesday, the spy decreased by 1.07 % to $ 583.06, and QQQ rose by 1.30 % to $ 502.01.

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