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Bitget Research: The US dollar index has fallen below the 102 integer mark, which may be a good time to invest in spot assets

Bitget Research: The US dollar index has fallen below the 102 integer mark, which may be a good time to invest in spot assets

Bitget2024/08/20 08:23

The latest research report from Bitget Research indicates that, in macro terms, the Jackson Hole meeting will be held this week. A rate cut in September is a market consensus expectation, but there's still a possibility of risk-averse pullbacks.

The report points out: "The dollar index has fallen below the whole number threshold of 102, and the yield on 10-year government bonds is fluctuating around 3.88%. The market has reached a key window for trading interest rate cuts. The Nasdaq monthly line has started to rebound from its decline, leading an overall bounce back in the risk market. The macro environment favors the continuous rise of crypto assets and it may be a good time for fixed investment in spot assets."

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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