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The dollar strengthens, traders call the U.S. the "least bad option."

Oct 08, 2025 13:12:40

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ChainCatcher news, according to Jinshi reports, on Wednesday, affected by financial and economic concerns from the Asia-Pacific to Europe, the exchange rate of the US dollar against the currencies of other G7 member countries rose, approaching a two-month high. Hedge funds increased their bearish options bets on the euro and yen, providing support for the strengthening of the dollar. Although the US government is currently in a shutdown, negative factors from other parts of the world have overshadowed this bad news, and the market is reassessing its outlook on the US macroeconomic prospects.

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