Analyst: Thin Liquidity Struggles to Prevent Dumping, Core Dollar Position Shaken

Jin10 data April 21: Institutional analyst Adam Button stated, “Although market liquidity is thin today, the selling continues. The EUR/USD reached up to 1.15, the first time since November 2021, rising over 1% intraday. I feel like I’m writing the same thing in every article, that the market has no confidence in the U.S. economic plan. The dollar has been at the core of a system built over 80 years, and all of this is being destroyed.” Besides the rise in the euro to dollar exchange rate, the dollar has also fallen against other currencies. Another point of interest is the dollar to Swiss franc exchange rate, which has broken below the 8-day consolidation range, hitting a new low in 10 years.