ECB's Nagel: The US dollar's safe-haven status is being questioned, and currency weakness will persist

ChainCatcher news, according to Golden Ten Data, European Central Bank Governing Council member Nagel stated that the role of the US dollar as the preferred traditional currency during uncertain times is increasingly being questioned, leading to its weakened exchange rate. He pointed out that doubts about the US dollar's status as a safe-haven currency have increased, and it is expected that the weakness of the dollar will continue, as the decline in international investors' confidence may persist.