European Central Bank's Nagel: The dollar's safe-haven status is being questioned, and the weak exchange rate will persist

According to Jin Ten, ECB Governing Council member Nagel stated that the role of the dollar as the preferred traditional currency during uncertain times is increasingly being questioned, leading to its weakening exchange rate. He pointed out that there is growing skepticism about the dollar's status as a safe-haven currency, and the trend of dollar weakness is expected to continue, as the decline in international investors' confidence may persist.