自2022年初以来，美元指数（DXY）首次降至98以下

此举标志着全球货币市场的显着转变，并可能为风险资产（尤其是加密货币）创造一个有利的环境，例如比特币

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.

美元指数（DXY）是对全球主要货币的美元实力的衡量标准，自2022年初以来，周一首次下跌了98。

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

此举标志着全球货币市场的显着转变，并可能为风险资产（尤其是加密货币）创造一个有利的环境，例如比特币

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.

近年来，DXY阅读100以上通常反映了美元的统治地位和风险情绪，通常会权衡股票和数字资产。相反，美元减弱可缓解财务状况，提高全球流动性，并倾向于受益于投机资产。

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.

几个因素导致当前下降。美国的标题通货膨胀率同比为2.4％，略低于共识估计为2.5％，增强了对肮脏的货币政策转变的市场期望。

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.

根据CME FedWatch工具的数据，在6月的美联储会议上，市场的价格为99.8％的可能性，预计目标范围将降至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.

围绕债务化的叙述不断增长，再加上特朗普政府的贸易和关税政策的政策不确定性，侵蚀了对美元的信心，加速了其下降。