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Cryptocurrencies: 30360
Markets: 109411
Market Cap: $2,682,312,555,400     
24h Vol: $86,071,715,590
Cryptela — Cryptocurrency News and Market Intelligence
Bitcoin.com 2023-02-08 03:30:38

US Dollar to Keep Losing Its Appeal as Safe-Haven Currency of Last Resort, Says Strategist

US Dollar to Keep Losing Its Appeal as Safe-Haven Currency of Last Resort, Says Strategist
Pacific Investment Management Company (PIMCO) expects the U.S. dollar to “continue to lose its appeal as the safe-haven currency of last resort.” The $1.74 trillion asset management firm added that the USD “is likely to fall further in 2023 as inflation falls, recession risks decline, and other shocks abate.” PIMCO Strategist Warns About USD Pacific
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