ING Bank: Bullish cryptocurrency markets are negatively impacting the US dollar

The cryptocurrency markets are on fire and major financial institution ING has taken notice, going as far as to predict the latest bull run could negatively impact the value of the US dollar.

“Strong commodity (and cryptocurrency) prices, plus sharply falling US dollar hedging costs should keep the dollar on the soft side this week,” warned ING‘s global head of strategy Chris Turner in his latest foreign exchange analysis.

Turner’s right: the price of the DXY index – which measures the performance of the US dollar against a basket of international currencies – has struggled to find momentum moving into the new week of trade.

READ MORE: https://thenextweb.com/hardfork/2019/06/24/ing-bank-bitcoin-cryptocurrency-us-dollar-g20-dxy/

Sort:  

Congratulations @platyrhodon ! You received upvote from @kryptoniabot & @kryptonia for your task of 309 SUP Today.

Remember to receive votes from @kryptoniabot

Run a task on Kryptonia.
Use the tags KRYPTONIA or SUPERIORCOIN in your Steemit post.

Delegate to the Kryptonia Upvote by clicking links: 10SP , 50SP , 100SP , 500SP , 1000SP

Due to an increased amount of tasks, we have changed up the voting power to evenly spread out the Upvote amount.

Register for your Kryptonia account and receive upvotes on your Steemit post tasks.

Coin Marketplace

STEEM 0.19
TRX 0.14
JST 0.030
BTC 62904.98
ETH 3359.08
USDT 1.00
SBD 2.46