Trader: The market is skeptical about whether the Trump administration can reduce spending

ChainCatcher news, according to Jinshi reports, Convera senior foreign exchange trader James Kniveton stated, "Despite the stock market decline, there has been no traditional safe-haven demand for the dollar; instead, gold, euro, and yen have benefited. During the process of Trump's spending and tax cut proposal being submitted to the Senate, there may be fiscal tightening, but market sentiment indicates skepticism towards this."