The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Wells Fargo Bearish on US Dollar As Standard Chartered Says USD Decline Signals Concern on America’s Long-Term Fiscal Path

by Henry Kanapi
May 10, 2025
in Financeflux

Two banking giants are sounding the alarm on the US dollar.

In a survey conducted by Reuters between April 30th and May 6th, about 55% of foreign exchange strategists who answered an additional question expressed concern about the US dollar serving as a hedge in times of economic uncertainty.

Wells Fargo macro strategist Erik Nelson sees the dollar depreciating in the coming months, predicting that the US economy will soon show signs of slowing down.

“We’re more bearish on the dollar in the second half of the year. More realization of weak US hard data, the Fed starting to actually cut rates as markets are pricing, some of the rotation out of US assets and concerns around Fed independence will likely come back into view.”

At the same time, Standard Chartered’s head of global G10 FX Research, Steve Englander, says he’s “very concerned” about the dollar’s standing as a safe-haven asset. Englander highlights America’s deteriorating balance sheet, noting that investors are cautious of holding US assets as the government continues to print large budget deficits.

“It’s like a betrayal of confidence from a friend. You can argue it didn’t matter, or that you didn’t mean it, but your friend still remembers it. That’s where the dollar currently is with respect to international confidence.

If you’d asked me this two months ago, I’d say what matters for the dollar in the first instance is the stimulus, and the funding – whether or not they’ve actually gotten revenues – would be secondary. Now it’s clear markets are much more concerned about the long-term fiscal path.”

Data from the Treasury Department shows that the US has spent $1.31 trillion more than it collected so far this fiscal year, which runs from October 1st, 2024, to September 30th, 2025. The figure represents a $242 billion increase compared to the deficit recorded during the same period last fiscal year.

Meanwhile, the US dollar index (DXY), which pits the USD against a basket of foreign currencies, is down over 7% since February.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Submit a Press Release

Industry Announcements

  • DoubleUp : A new generation of GambleFi
    May 13, 2025
  • MoonX: BYDFi’s On-Chain Trading Engine — A Ticket from CEX to DEX
    May 13, 2025
  • Canelo Álvarez Joins 1win as Global Ambassador After Historic Title Victory
    May 13, 2025
  • AB DAO and AB Charity Foundation Join Forces To Build a Trustworthy Infrastructure and Promote Global Philanthropic Transformation
    May 12, 2025
  • Sonic Labs Announces $10 Million Token Sale to Galaxy for US Expansion
    May 12, 2025
  • New Purpose-Built Blockchain T-Rex Raises $17 Million To Transform Attention Layer in Web 3.0
    May 8, 2025
  • Flipster Makes Esports Debut As Official Crypto Exchange Partner of TALON’s Dota Two Team, Powering a New Era of Fan Engagement
    May 7, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,126.90
$104,126.90
1.17%
Ethereum
$2,577.85
$2,577.85
3.21%
BNB
$660.26
$660.26
0.82%
Solana
$176.62
$176.62
0.77%
XRP
$2.55
$2.55
1.03%

Spotlight

  • Bitcoin Transitioning From Risk To Hedge Asset As Institutions and Governments Adopt BTC, Says Bitwise CIO
    May 6, 2025
  • Vitalik Buterin Warns Ethereum Has Become Needlessly Complex, Calls for Mass Simplification of Chain
    May 6, 2025
  • Bitcoin Has ‘One Final Leg’ of Outperformance Before Altcoins See Boost, According to Crypto Analyst
    May 6, 2025
  • Matt Hougan Reveals Massive ‘Base Case’ Price Target for Bitcoin by Year-End Despite Potential Political Threats
    May 6, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl