Dollar Sell-off Continues, Leading to Broad-based Decline in Non-US Currencies

BlockBeats News, April 21st, analyst Adam Button stated: "Although today the market liquidity is thin, the USD selling continues. The EUR/USD rose above 1.15, the first time since November 2021, with an intraday gain of over 1%. The market has no confidence in the U.S. economic plan, and the USD has always been at the core of a system built over 80 years, and all of this is being destroyed."

In addition to the rise in the EUR/USD exchange rate, the USD has fallen against other currencies, with the USD/CHF rate breaking below an 8-day consolidation range, hitting a nearly 10-year low. (FXStreet)