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Peter Schiff: U.S. dollar index falls below 98 as safe-haven appeal fades
Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, notes that the U.S. Dollar Index has slipped below 98, erasing gains linked to the Iran war.
Schiff highlights the muted safe-haven response of the dollar and contends that ongoing weakness could drive further increases in oil prices and bond yields.
Schiff has previously commented on market shifts in digital assets. He observed Bitcoin’s 30 percent decline since last year’s major conference in a recent update. Schiff has also noted that investors now demand an 11.5% yield instead of crypto exposure, referencing a 2021 capital raise for Bitcoin at zero percent yield in a separate post.
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