Swiss Reuss Bank: The Weakening of the Dollar is Due to Diminished Confidence in the U.S. System

ChainCatcher news, according to Jinshi reports, Swiss Reuss Bank stated that the weakening confidence in the U.S. system is the main reason for the dollar's softness. The bank pointed out that under the Trump administration, the independence of central institutions, including the Federal Reserve, is being undermined, leading to increasing skepticism in the foreign exchange market. Despite France being mired in a prolonged political crisis, the dollar remains weak against the euro. The bank added that the dollar's weakness is unlikely to disappear in the short term.