唐纳德·特朗普的关税将投资者推向其他货币，美元指数仍处于压力下

DXY指数周二的交易价格为99.95美元，比今年的最高水平下降了9.20％。自2023年7月以来，它也一直徘徊在其最低点，死亡十字架在接下来的几个月中构成了更多的下降。

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.

由于唐纳德·特朗普（Donald Trump）的关税将投资者推向其他货币，并且关键的技术指标表明进一步的弱点，因此美元指数设定为更多下降。

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指数周二的交易价格为99.95美元，在过去的24小时内下跌0.20％，从今年的最高水平下降。自2023年7月以来，它也一直徘徊在其最低点，上周成立的死亡十字架可能在未来几个月内为更多的缺点铺平道路。

U.S. dollar index could crash further

美元指数可能会进一步崩溃

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.

更多的技术指标表明，美元指数具有进一步的下行潜力。它形成了一个反向杯子和肩膀图案，其深度约为9％。衡量从杯子点的下侧相同的距离，到达91美元的进一步下跌。

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.

对机构投资者的一项关键调查还表明，随着贸易战争的继续，其中大多数对货币都是看跌的。美国银行全球基金经理调查中有61％的受访者会看到未来12个月的绿背落下。这是这些基金经理自2006年以来最看跌。

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.

这些投资者担心特朗普的政策及其经济影响。最紧急的担心是关税，高盛分析师预计，今年晚些时候，美国经济将使美国经济陷入衰退。根据调查，许多基金经理还期望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.

尽管特朗普退缩了一些关税，但中国的人仍然处于不舒服的水平。大多数出售给美国的中国商品将获得145％的关税，影响价值数亿美元的商品。周二，北京宣布将通过其航空公司的报复来阻止波音从进一步的美国购买。

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，随着国会开始谈判特朗普的筹资法案，包括4.5万亿美元的税收减免和0％的最高边际利率，美元指数下降了。

Falling US dollar could benefit Bitcoin and most altcoins

美元下跌可能会使比特币和大多数山寨币受益

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

出于三个原因，美元指数恶化可能会使比特币（BTC）和大多数山寨币受益。

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，这些硬币中的大多数都是用Tether（USDT）交易的，这是由美元支持的Stablecoin。因此，较弱的绿背使比特币和这些替代币对外国商人更负担得起。

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，持续的美元弱点可能是由于对美国经济的担忧和关税的影响所致。因此，美联储有可能干预和削减利率。一些美联储官员，例如克里斯托弗·沃勒（Christopher Waller）和苏珊·柯林斯（Susan Collins），已经确认该银行准备在经济衰退时采取行动。

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，随着美元指数下降，比特币和替代币可能会受益，因为它们通常被认为是安全避风港。尽管加密货币市场今年的衰退急剧下降，但随着关税对经济造成损失，股市也有望下降。