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