INJ (Injective) rose to $37.55, setting a new historical high
Bitget market data shows that INJ(Injective) rose to $37.55 this morning, setting a new historical high. It has now slightly fallen back to $36.91, with a 24-hour increase of 19.56%.
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The US dollar has fallen for two consecutive months, and the US Treasury's buyback has forced speculators to retreat; the hawkish stance of Waller only resulted in a one-day rebound.
The US dollar extended its decline in August, with the Bloomberg Dollar Spot Index down 0.9%, marking its second consecutive monthly drop. US Treasury Secretary Besant expanded the Treasury buyback program, sparking market speculation that US policies are intended to guide the dollar lower. Although Fed Chair Walsh reaffirmed the 2% inflation target and fueled expectations of further rate hikes, Wells Fargo warned that the Fed may not deliver on these expectations and the dollar’s weakness could persist.
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