US dollar weakens After the Fed reiterated that the increase in inflation was only temporary.
The US dollar weakened against the major currencies this morning. After Mr. Christopher Waller, one of the governors of the US Federal Reserve came out to reveal The rise in inflation will be temporary.
The statement prompted investors to expect the Federal Reserve to hold interest rates at 0.00%-0.25%.
In addition, President Xi Jinping of the People’s Republic of China gave a speech at the Boao Forum For Asia (BFA) online. By revealing the issue of the conflict between China and the United States. that investors are keeping an eye on during this period that China does not want to be a world power. or want to expand influence Although China’s strength has increased He emphasized that China will certainly not compete in arms collection with other nations.
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