Institution: Basset's debt reduction plan attracts attention; the experience of DOGE highlights the difficulties of fiscal reform
2026-08-24 13:51:57
According to CoinMeta, Samara Hammoud, a foreign exchange strategist at the Commonwealth Bank of Australia, stated that the US Dollar Index continued to face pressure during the Asian trading session, hovering around 98.8. Concerns regarding US fiscal risks, the sustainability of government debt, and the potential depreciation of the dollar are expected to continue to put pressure on the dollar this week. US Treasury Secretary Janet Yellen previously raised market expectations for a budget consolidation plan to be announced this week. However, the painful lessons learned from the efforts of the Government Efficiency Unit in 2025 ( DOGE ) highlight the difficulties of cutting government spending or raising taxes. If the consolidation measures are limited in scope, it could lead to market expectations not being met, further weakening the dollar.
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Source:Internet
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