自2022年初以來，美元指數（DXY）首次降至98以下

此舉標誌著全球貨幣市場的顯著轉變，並可能為風險資產（尤其是加密貨幣）創造一個有利的環境，例如比特幣

The dollar index (DXY), a measure of the U.S. dollar’s strength against a basket of major global currencies, fell below 98 on Monday for the first time since early 2022.

美元指數（DXY）是對全球主要貨幣的美元實力的衡量標準，自2022年初以來，週一首次下跌了98。

This move signals a notable shift in global currency markets and could create a favorable environment for risk assets, especially cryptocurrencies, like bitcoin

此舉標誌著全球貨幣市場的顯著轉變，並可能為風險資產（尤其是加密貨幣）創造一個有利的環境，例如比特幣

In recent years, a DXY reading above 100 has typically reflected dollar dominance and a risk-off sentiment, often weighing on equities and digital assets. Conversely, a weakening dollar eases financial conditions, boosts global liquidity, and tends to benefit speculative assets.

近年來，DXY閱讀100以上通常反映了美元的統治地位和風險情緒，通常會權衡股票和數字資產。相反，美元減弱可緩解財務狀況，提高全球流動性，並傾向於受益於投機資產。

Several factors are contributing to the current decline. US headline inflation came in at 2.4 percent year-over-year, slightly below the consensus estimate of 2.5 percent, strengthening market expectations for a dovish monetary policy shift.

幾個因素導致當前下降。美國的標題通貨膨脹率同比為2.4％，略低於共識估計為2.5％，增強了對骯髒的貨幣政策轉變的市場期望。

According to the CME FedWatch Tool, markets are now pricing in a 99.8 percent probability of a rate cut at the June Federal Reserve meeting, with the target range expected to drop to 4.25 to 4.50 percent.

根據CME FedWatch工具的數據，在6月的美聯儲會議上，市場的價格為99.8％的可能性，預計目標範圍將降至4.25％至4.50％。

Growing narratives around de-dollarization, combined with policy uncertainty from the Trump administration’s trade and tariff policies, have eroded confidence in the dollar, accelerating its decline.

圍繞債務化的敘述不斷增長，再加上特朗普政府的貿易和關稅政策的政策不確定性，侵蝕了對美元的信心，加速了其下降。