2. Compared with the fluctuation of stock, the fluctuation of foreign exchange market is relatively small. If you make money in the stock market, the fluctuation of foreign exchange is not worth mentioning at all, and many people don't care about the fluctuation of foreign exchange market. ?
3. Due to the decline of the US manufacturing index PMI, PMI reflects the prosperity of the US economy and has an important impact on the trend of the US dollar.
Extended data:
At present, the US dollar remains the most important reserve currency in the world. According to the data of the International Monetary Fund, by the end of the first quarter of 2020, 6 1.99% of the global foreign exchange reserves will be denominated in US dollars. The currency most used by enterprises in various countries in international trade and transnational operations is the US dollar, followed by the euro and the Japanese yen. According to statistics, about 40% of the global debt is denominated in US dollars.
The dominance of the US dollar comes from the strength of the US economy, but the sudden outbreak of the COVID-19 epidemic changed everything. For some time, many people have been speculating that the value of the US dollar will collapse and lose its position as the most important reserve currency in the world. This "doomsday" remark may be true or false, but it is indeed time to discuss the worst possible situation for the dollar.