Analyst: Thin liquidity cannot withstand selling, the core position of the dollar is shaken

ChainCatcher message, institutional analyst AdamButton stated: "Although market liquidity is thin today, the sell-off continues. The EUR/USD has touched 1.15 to the upside, the first time since November 2021, with an intraday increase of over 1%. I feel like I'm writing the same content in every article, which is that the market has no confidence in the U.S. economic plan. The dollar has always been at the core of a system built over 80 years, and all of this is being destroyed." In addition to the rise in the EUR/USD exchange rate, the dollar has also fallen against other currencies. Another point of interest is the USD/CHF exchange rate, which has broken below an 8-day consolidation range, hitting a 10-year low.