US Dollar Plunges: Longest Losing Streak Since April

The US dollar is experiencing its longest losing streak since April 2023, significantly affecting global markets and raising concerns about the future of the global economy. This decline is driven by a series of unexpected labor market shocks, impacting both financial assets and cryptocurrency prices. Experts predict a potential rate cut from the Federal Reserve in response to this volatility, which could further benefit other asset classes like cryptocurrencies.