The dollar will remain under strong selling pressure, as if in line with bearish U.S. stocks. Although macroeconomic indicators are still firm, the market tends to trade on stock prices.
The U.S.-selling is prevailing mainly because investors' confidence in the stock exchange has fallen dramatically due to corporate accounting scandals and dubious stock activities involving high-ranking government officials.
This may herald a confidence crisis. The U.S.-selling may gain momentum, depending on trading factors. The distrust of the U.S. has entered a stage that needs close watching.
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