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European Central Bank's Nagel: The US dollar's safe-haven status is being questioned, and the weak exchange rate will persist
GateNews
ChainCatcher reports that European Central Bank Executive Board member Nagel stated that the role of the US dollar as the preferred traditional currency during uncertain times is increasingly being questioned, leading to a weakening of its exchange rate. He pointed out that doubts about the dollar’s status as a safe-haven currency have increased, and the dollar’s weakness is expected to continue as international investors’ confidence declines may persist.
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