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Bank of America: Dollar Decline May Benefit Assets Like BTC and Gold
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According to a report by Jinse Finance, Bank of America stated that trade policy uncertainty and high debt levels may continue to pressure the dollar. High-frequency data indicates that the economy may slow down, which could lead to a further decline in the dollar this summer. Meanwhile, due to rising inflation expectations, the Federal Reserve is unable to take significant action, a trend that may benefit dollar-denominated assets such as gold and Bitcoin.
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