唐納德·特朗普的關稅將投資者推向其他貨幣，美元指數仍處於壓力下

DXY指數週二的交易價格為99.95美元，比今年的最高水平下降了9.20％。自2023年7月以來，它也一直徘徊在其最低點，死亡十字架在接下來的幾個月中構成了更多的下降。

The U.S. dollar index is set for more declines as Donald Trump’s tariffs push investors to other currencies and a key technical indicator signals further weakness.

由於唐納德·特朗普（Donald Trump）的關稅將投資者推向其他貨幣，並且關鍵的技術指標表明進一步的弱點，因此美元指數設定為更多下降。

The DXY index was trading at $99.95 on Tuesday, down by 0.20% over the past 24 hours and from its highest level this year. It has also been hovering at its lowest point since July 2023, and a death cross it formed last week could pave the way for more downside in the coming months.

DXY指數週二的交易價格為99.95美元，在過去的24小時內下跌0.20％，從今年的最高水平下降。自2023年7月以來，它也一直徘徊在其最低點，上周成立的死亡十字架可能在未來幾個月內為更多的缺點鋪平道路。

U.S. dollar index could crash further

美元指數可能會進一步崩潰

More technical indicators show that the U.S. dollar index has further downside potential. It has formed an inverse cup and shoulders pattern whose depth is about 9%. Measuring the same distance from the lower side of the cup points to further downside of about $91.

更多的技術指標表明，美元指數具有進一步的下行潛力。它形成了一個反向杯子和肩膀圖案，其深度約為9％。衡量從杯子點的下側相同的距離，到達91美元的進一步下跌。

A key survey of institutional investors also shows that most of them are bearish on the currency as the trade war continues. Sixty-one percent of respondents in Bank of America’s Global Fund Manager Survey see the greenback falling in the next 12 months. This is the most bearish these fund managers have been since 2006.

對機構投資者的一項關鍵調查還表明，隨著貿易戰爭的繼續，其中大多數對貨幣都是看跌的。美國銀行全球基金經理調查中有61％的受訪者會看到未來12個月的綠背落下。這是這些基金經理自2006年以來最看跌。

These investors are concerned about Trump’s policies and their economic impact. The most urgent fear is tariffs, which analysts at Goldman Sachs expect will push the U.S. economy into a recession later this year. Many fund managers are also expecting a recession in 2023, according to the survey.

這些投資者擔心特朗普的政策及其經濟影響。最緊急的擔心是關稅，高盛分析師預計，今年晚些時候，美國經濟將使美國經濟陷入衰退。根據調查，許多基金經理還期望2023年衰退。

While Trump has walked back some tariffs, those on China remain at uncomfortable levels. Most Chinese goods sold to the U.S. will receive a 145% tariff, affecting goods worth hundreds of billions of dollars. On Tuesday, Beijing announced it would be blocking Boeing from further U.S. plane purchases by its airlines in retaliation.

儘管特朗普退縮了一些關稅，但中國的人仍然處於不舒服的水平。大多數出售給美國的中國商品將獲得145％的關稅，影響價值數億美元的商品。週二，北京宣布將通過其航空公司的報復來阻止波音從進一步的美國購買。

Further, the U.S. dollar index has dropped as Congress begins to negotiate Trump’s funding bill, which includes $4.5 trillion in tax cuts and a 0% top marginal rate.

此外，隨著國會開始談判特朗普的籌資法案，包括4.5萬億美元的稅收減免和0％的最高邊際利率，美元指數下降了。

Falling US dollar could benefit Bitcoin and most altcoins

美元下跌可能會使比特幣和大多數山寨幣受益

A deteriorating U.S. dollar index could benefit Bitcoin (BTC) and most altcoins for three reasons.

出於三個原因，美元指數惡化可能會使比特幣（BTC）和大多數山寨幣受益。

Firstly, most of these coins are traded in Tether (USDT), a stablecoin backed by the U.S. dollar. As such, a weakening greenback makes Bitcoin and these altcoins more affordable to foreign traders.

首先，這些硬幣中的大多數都是用Tether（USDT）交易的，這是由美元支持的Stablecoin。因此，較弱的綠背使比特幣和這些替代幣對外國商人更負擔得起。

Secondly, the ongoing dollar weakness is likely due to concerns about the American economy and the impact of tariffs. As such, there is a likelihood that the Federal Reserve will intervene and slash interest rates. Some Fed officials, like Christopher Waller and Susan Collins, have already confirmed that the bank is prepared to act in the event of a recession.

其次，持續的美元弱點可能是由於對美國經濟的擔憂和關稅的影響所致。因此，美聯儲有可能干預和削減利率。一些美聯儲官員，例如克里斯托弗·沃勒（Christopher Waller）和蘇珊·柯林斯（Susan Collins），已經確認該銀行準備在經濟衰退時採取行動。

Thirdly, Bitcoin and altcoins could benefit as the U.S. dollar index falls because they are often considered safe havens. While the crypto market has seen a significant downturn this year, the stock market is also expected to sink as tariffs take a toll on the economy.

第三，隨著美元指數下降，比特幣和替代幣可能會受益，因為它們通常被認為是安全避風港。儘管加密貨幣市場今年的衰退急劇下降，但隨著關稅對經濟造成損失，股市也有望下降。