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Dollar struggles with weekly decline
The dollar's performance declined over the week due to increasing investor concerns about government intervention, as the U.S. Treasury Secretary announced plans to double long-term bond purchases to support financial stability. The dollar index dropped by 0.8%, reaching 98.82 points, while other currencies such as the euro and the British pound posted weekly gains. Additionally, cryptocurrencies and digital assets like Bitcoin rose, with Bitcoin increasing by 1.6% and heading toward a significant weekly gain of 17%. Still, concerns over the US debt ceiling, which has surpassed $40 trillion, remain one of the main reasons behind market and global currency fluctuations.
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