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Bridgewater Founder Expresses Strong Dollar View, Yen-Gold Retreats Short Term
BlockBeats News, January 28th: U.S. Treasury Secretary Yellen stated that the U.S. has always pursued a strong dollar policy and will not intervene in the foreign exchange market to support the yen. Additionally, it is expected that the narrowing trade deficit will boost the dollar. Regarding the S&P 500 Index breaking through 7000 points today for the first time, Yellen believes that the current growth-promoting policies have been effective.
According to Bitget market data, the yen to dollar exchange rate experienced a sharp decline, halting its three-day upward trend. The U.S. Dollar Index rose to 96.4%, with a 0.65% increase in the past 24 hours. Spot gold saw a short-term decline, currently trading at $5277 per ounce.
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