Rising USD prices

[maklampir]

In the last few days, I looked at the exchange rate and saw an increase in USD in any currency so that some countries experienced inflation and crisis. I don't understand why USD can rise so high? Does this also affect the decline in the crypto market?  Huh Huh

[kemalramdanu]

Most of the global trades are happening against the USD currency and not to forget that with their country itself. Thus they always dominate the market whenever rest of the countries are suffering from the set back of financial crisis. I don’t belive that crypto currency has got any relations with the USD and/or other fiat currency inflation because they both stand in the different spheres of financial system. What we see in the crypto market always changes according to the internal and external news.

[Bobcrypto]

In the last few days, I looked at the exchange rate and saw an increase in USD in any currency so that some countries experienced inflation and crisis. I don't understand why USD can rise so high? Does this also affect the decline in the crypto market?  Huh Huh

Yea, i think the rise in the US dallars play some positive or negative effects on the economy of many countries, especially the  developing countries, in other words, Foreign currency effects are gains or losses on foreign investments due to changes in the relative value of assets denominated in a currency other than the principal currency with which a company normally conducts business. A rising domestic currency means foreign investments will result in lower returns when converted back to the domestic currency. The opposite is true for a declining domestic currency.

When considering the effects on crypto, i think it also play some negative and positive effects , especially ICOs prices. If you observe very well, you may agreed that the delays in most ICOs these days are largely due to strong down word droping of the prices of crypto in recent time. Many start up project keep extending the duration of the projects to make up some of their planned budgets. However, i stand to be corrected in this case. Thank you.