Financial and political ripples under Biden's health crisis

Under the calm appearance of the global financial market, undercurrents are surging. The US dollar index unexpectedly slipped to a low of 103.67. Although gold once hit a high of $2,461, it quickly fell back, showing the instability of risk aversion. At the same time, Bitcoin encountered resistance near $64,100 and gave up some of its gains. The cryptocurrency market also fell into adjustment.

However, the most eye-catching news is the news that US President Biden was diagnosed with the new crown. This sudden incident not only affected the global political nerves, but also indirectly affected the direction of the financial market. The probability of Vice President Harris' nomination has risen sharply due to Biden's absence, and the market has even appeared + Exchange Junyang: 954737157 The prediction of the "golden cross" indicates potential changes in the transfer of power. New York Democratic Senate leader Schumer's outspoken suggestion that Biden withdraw from the campaign for health reasons has exacerbated this political uncertainty.

The Fed's policy trends should not be ignored either. The possibility of a rate cut in July has been priced in by the market, but even with the positive housing data, it has failed to effectively boost the dollar's weakness. Biden's illness seems to have become the last straw that broke the camel's back for confidence in the dollar, and the market is anxiously waiting for more information to guide the direction. In this chain reaction caused by the health crisis, every subtle fluctuation in the financial market and political arena affects the world's nerves. $DYM $DAR $ALICE