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<Markets Analysis>The Fall of US Dollar should be Limited if the Banking Crisis Expands

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Affected by the earlier Fed’s stance of hawkish rate hike, the US dollar index rose close to the 106 on 8 March. However, the situation in the financial market is changing rapidly, and bank failures suddenly occurred in the United States. Two cryptocurrency-friendly banks (Silvergate Bank, Signature Bank) and a bank (SVB) whose customers are mainly technology innovation companies have had accidents successively, triggering a crisis of confidence in the industry.


Patrick Law

General Manager of Hantec Group


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