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Bank of America: A weak dollar will benefit Bitcoin and gold
On June 2, U.S. Bank analysts stated that uncertainty in trade policies and high debt levels may continue to put pressure on the dollar. High-frequency data indicates that the economy may slow down, which could lead to further declines in the dollar this summer. Meanwhile, due to rising inflation expectations, The Federal Reserve (FED) may be unable to take significant action. This trend could benefit dollar-denominated assets such as gold and Bitcoin.