Even excluding election factors, poor economic indicators have limited pressure on the dollar, because the United States is the country that can benefit most from the chaos. The United States is in trouble. First, there may be more troubles in other regions. Second, the United States has the ability to make other countries pay the bill. Both of these can offset the unfavorable economic indicators.
On Monday, the US Treasury Department said it expected to sell a record $550 billion in the fourth quarter of this year and another $368 billion in the first quarter of next year to raise funds for a large-scale financial rescue plan. On average, some American primary bond dealers predict that the budget deficit of the United States will reach $988 billion in fiscal year 2009, and bonds of 1.4 trillion dollars will be issued throughout the year. Obviously, most of this money will be paid by "foreigners"
Finally, if the crisis deepens further, the dollar still has room for appreciation. This is because in this case, emerging markets are likely to have serious problems, and the International Monetary Fund may not be able to save them at that time. This will first put pressure on European currencies such as the euro, because Europe is the largest creditor in emerging markets. For example, Spain invests the most in South America due to its historical origins, while the United States does not invest much in emerging markets.
I open an account in my hometown of Xiangtan, can I bind it with a Changsha bank card?