The dollar fell due to tensions between the US and Europe, facing devaluation risks

According to Jinshi reports, due to market concerns about U.S. President Trump’s intention to seize Greenland from Denmark, tensions between the U.S. and Europe have risen, causing the dollar to weaken. Trump stated that starting from February 1, he would impose a 10% tariff on several European countries, and the EU is considering retaliatory tariff measures. Barclays analysts pointed out that the tension may prompt foreign investors to increase hedging against the risk of dollar depreciation, and the dollar may remain under pressure in the short term.