Will the bubble burst?

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KhooPN
2021-02-09

Will the bubble burst?

Dollar struggles at 1-week lows as Bitcoin scales $48,000

LONDON, Feb 9 (Reuters) - The dollar struggled at a one-week low on Tuesday as traders grew wary abo

Dollar struggles at 1-week lows as Bitcoin scales $48,000

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Goldbcbc
·2021-02-09
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It last traded up 0.3% at $1.3774.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dollar struggles at 1-week lows as Bitcoin scales $48,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; 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It last traded up 0.3% at $1.3774.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FXY":"日元ETF-CurrencyShares","YCS":"日元ETF-ProShares两倍做空","FXA":"澳元ETF-CurrencyShares","FXE":"欧元做多ETF-CurrencyShares","GBTC":"Grayscale Bitcoin Trust","FXC":"加元ETF-CurrencyShares","EUO":"欧元ETF-ProShares两倍做空"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110050871","content_text":"LONDON, Feb 9 (Reuters) - The dollar struggled at a one-week low on Tuesday as traders grew wary about the prospects for the greenback against the backdrop of a large U.S. fiscal stimulus package.\nInvestors have pushed up the dollar in recent weeks as Democrats moved to fast-track President Joe Biden's $1.9 trillion COVID-19 relief package, but some analysts say massive fiscal spending coupled with continued ultra-easy Federal Reserve monetary policy will be a dollar headwind.\n\"The view on the effects the package will have on the U.S. economy differ,\" Commerzbank strategists said.\n\"Whereas until recently the prospect of fiscal support caused positive reactions on the markets, the market no longer seems to be entirely certain about that any longer.\"\nHaving attempted to bounce in the previous session, the dollar weakened broadly against its peers as U.S. Treasury yields softened from overnight highs.\nThe biggest beneficiary of the weakening dollar was cryptocurrencies with bitcoin rocketing above $48,000, building on a nearly 20% surge overnight after Tesla Inc announced a $1.5 billion investment in the digital asset.\nThe dollar index was 0.3% lower at 90.73 in early London trading, having dipped to 90.603 for the first time since Feb. 1.\nDisappointing U.S. jobs data on Friday knocked the wind out of a two-week run that had lifted the dollar to a more than two-month high of 91.6.\nThe euro rose 0.2% to $1.20775 on Tuesday, up from a two-month low of $1.9520 touched Friday.\nThe British pound revisited its highs since May 2018, climbing to $1.3784 in Asia. 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