—Read Here— American’s concerns of inflation begin to come to fruition as the U.S. dollar hits a 4-month low.
The dollar is coming under “modest pressure” in the last few days, U.S. 10-year Treasuries yield fell to 1.604% from 1.632% over the weekend, and more data on U.S. personal consumption and inflation to come on Friday.
As the dollar is hitting lows, Bitcoin, which is often tauted as a “hedge against inflation” of fiat currencies, is recovering from its nearly 50% free fall.
Myriad Media 