U.S. Treasury Secretary Yellen reiterated the strong dollar policy, raising market concerns about currency depreciation
According to Jinshi reports, the dollar exchange rate fell during Thursday's Asian session, halting the rebound momentum from Wednesday. Concerns about a potential depreciation of the dollar have resurfaced, outweighing the influence of U.S. Treasury Secretary Yellen's reaffirmation of a strong dollar policy. Damien Loh, Chief Investment Officer of hedge fund Ensemble Capital, stated that Yellen employed "strategic ambiguity" when discussing the dollar, attempting to ease market expectations of a comprehensive weak dollar policy.
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