{"id":31525,"date":"2025-06-12T12:01:43","date_gmt":"2025-06-12T12:01:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31525"},"modified":"2025-06-12T12:01:43","modified_gmt":"2025-06-12T12:01:43","slug":"dollar-index-falls-below-98-for-first-time-in-three-years-gives-room-for-crypto-run","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31525","title":{"rendered":"Dollar Index Falls Below 98 for First Time in Three Years, Gives Room for Crypto Run"},"content":{"rendered":"<div>\n<p>The dollar index (DXY), a measure of the U.S. dollar\u2019s strength against a basket of major global currencies, dropped below 98 for the first time since early 2022.<\/p>\n<p>This move signals a notable shift in global currency markets and could create a favorable environment for risk assets, especially cryptocurrencies, like bitcoin BTC. <\/p>\n<p>In recent years, a DXY reading above 100 has typically reflected dollar dominance and a risk-off sentiment, often weighing on equities and digital assets. Conversely, a weakening dollar eases financial conditions, boosts global liquidity, and tends to benefit speculative assets. <\/p>\n<p>Several factors are contributing to the current decline. US headline inflation came in at <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/11\/us-cpi-rose-softer-than-expected-01-in-may\">2.4 percent year-over-year<\/a>, slightly below the consensus estimate of 2.5 percent, strengthening market expectations for a dovish monetary policy shift. <\/p>\n<p>According to the <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">CME FedWatch Tool<\/a>, markets are now pricing in a 99.8 percent probability of a rate cut at the June Federal Reserve meeting, with the target range expected to drop to 4.25 to 4.50 percent. <\/p>\n<p>Growing narratives around de-dollarization, combined with policy uncertainty from the Trump administration\u2019s trade and tariff policies, have eroded confidence in the dollar, accelerating its decline.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/02\/u-s-dollar-to-slide-further-this-summer-bank-of-america-warns\">U.S. Dollar to Slide Further This Summer, Bank of America Warns<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The dollar index (DXY), a measure of the U.S. dollar\u2019s strength against a basket of major global currencies, dropped below 98 for the first time since early 2022. This move signals a notable shift in global currency markets and could create a favorable environment for risk assets, especially cryptocurrencies, like bitcoin BTC. In recent years, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31525","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31525"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31525\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}