According to ChainCatcher news and Jin10 reports, on Wednesday, the US dollar rose against the currencies of other G10 member countries due to concerns about fiscal and economic issues in the Asia-Pacific to Europe region, approaching a two-month high. Hedge funds increased their bets on put options for the euro and yen, supporting the strengthening of the US dollar. Although the US government is in a shutdown, negative factors from other parts of the world have overshadowed this unfavourable information, leading the market to reassess its outlook on the US macroeconomic prospects.
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The US dollar strengthens, traders call the US the "least bad option".
According to ChainCatcher news and Jin10 reports, on Wednesday, the US dollar rose against the currencies of other G10 member countries due to concerns about fiscal and economic issues in the Asia-Pacific to Europe region, approaching a two-month high. Hedge funds increased their bets on put options for the euro and yen, supporting the strengthening of the US dollar. Although the US government is in a shutdown, negative factors from other parts of the world have overshadowed this unfavourable information, leading the market to reassess its outlook on the US macroeconomic prospects.