BofA: Assets such as Bitcoin and gold may benefit from a decline in the US dollar
PANews reported on June 2 that Bank of America said that trade policy uncertainty and high debt levels may continue to put pressure on the dollar, with high-frequency data suggesting that the economy may slow down, which will lead to a possible further decline in the dollar this summer, while the Federal Reserve is unable to take significant action due to rising inflation expectations, a trend that may benefit dollar-denominated assets such as gold and Bitcoin.
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