The dollar has fallen for 9 months in a row! What to do with a hand full of dollars? Xie Jinhe: rely on this to reverse

The chairman of Caixin Media, Xie Jinhe, pointed out on Facebook today (19) that some people who went to the bubble soup a few days ago couldn’t wait to ask “I’m full of dollars, what should I do? In this regard, Xie Jinhe said “from March so far, people holding the dollar in their hands, must be on pins and needles, because the dollar index from 102.992 wildly down, these two days officially fell below the 90 mark, the dollar down a floor, people holding the dollar in their hands more and more scared”.

However, for a long time in the past, the US dollar was not only a “strong currency” but also the most important “safe-haven currency”, Xie Jinhe pointed out that “because the US is a superpower and the US is also a money-issuing country, holding the US dollar in your hands can be invincible”, however, due to the epidemic conflict, the Federal Reserve Board (Fed) lowered the interest rate to near zero and the US dollar spread disappeared, which is the trigger for the weak US dollar.

Xie Jinhe also said, “As the US dollar fell, other currencies were forced to appreciate, with the NTD once reaching 28.115 and the RMB around 6.5, and the Euro, British Pound, Australian Dollar and Japanese Yen appreciating one after another. The trend is for everyone to have a mental picture of the appreciation cycle of the Taiwan dollar.

However, he believes that “the Taiwan dollar can not rise too fast, should increase the volatility, exporters should actively operate foreign exchange hedge, can not put all the blame on the central bank, perhaps next year the Taiwan dollar range will be between 27.5 to 29.5”, the dollar is weak, the role of hedge also turned weak, recently bitcoin flies out, over 20,000 dollars high price straight to 22,950 dollars, the gold, silver than all down.

Many people are curious “what about the dollar in hand? Xie Jinhe estimated that “this wave of the dollar killed and fierce, technical deviation has been large, the dollar has the opportunity to rebound”, also pointed out that “now the most declining dollar is Steven Roach (Steven Roach), he said the dollar will fall another 35%”, but Xie Jinhe optimistic view “do not believe it will be so bad! But the weakness of the U.S. side must rely on the fundamentals of the U.S. itself to reverse”.