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.