Good afternoon everyone!

Now USDT exchanges to TWD at 1 : 30.082, that's really cheap! RMB 7.2151 is also very cheap.
There is no doubt that the US dollar index will experience a temporary sharp decline! What do you think will happen to cryptocurrencies?

If the currencies of various countries continue to raise interest rates (i.e., continuously increase rates), it will cause a series of chain reactions in the economy and financial system, mainly including the following aspects:

1. Suppress inflation
This is the most common purpose of interest rate hikes. High interest rates can increase borrowing costs, reduce consumption and investment, thereby slowing the rate of price increases.

2. Economic growth slows down
Interest rate hikes will make it more difficult for businesses to finance, increase costs, and at the same time, consumer spending will also decrease, leading to a slowdown in economic activity and possibly triggering a recession.

3. Increased debt pressure
Whether for countries, businesses, or households, debt interest expenses will rise, especially for highly indebted countries and companies, which may lead to increased repayment pressure and even default.

4. Rate appreciation
Interest rate hikes will attract foreign capital inflows, driving the country's currency appreciation. Although imports become cheaper, exports become more expensive, which will impact the export industry.

5. The stock market and the real estate market are under pressure.
High interest rates can cause capital to withdraw from high-risk markets (such as the stock market and real estate) and shift towards fixed-income markets like bonds, leading to a decline in the stock market, cooling or collapse of the housing market.

6. Global Financial Turmoil
If most countries raise interest rates simultaneously, it will lead to a tightening of global liquidity, and developing countries will face capital outflows, currency depreciation, and financial market fluctuations.

*Attached image USD exchange with various countries USDT exchange for New Taiwan Dollar

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