Since the outbreak of the conflict between Russia and Ukraine, Russia has cut off some natural gas supplies to Europe as a counterattack to EU sanctions. This led to the soaring price of natural gas in Europe, which triggered an energy crisis. As Europe is extremely dependent on Russian energy, the market is worried that this energy crisis will drag Europe into the vortex of recession.
At this time, the euro zone experienced negative interest rates for more than 10 years, and inflation hit a record high. The European Central Bank is considering raising interest rates in July to curb inflation. Robert Holzmann, the management committee, even supports raising interest rates by 125 basis points before September. The expectation of "radical" interest rate hike by the European Central Bank helped raise the fear of recession in the market.
At the same time, the Federal Reserve has rushed ahead of the euro zone to raise interest rates, and is likely to accelerate the pace of raising interest rates, leading to the continuous expansion of the US European bond interest rate gap, making investors abandon the euro and turn to the dollar, and the euro is further under pressure.
Generally speaking, the weakness of the euro will help to increase the competitiveness of European goods in the international market and further stimulate economic growth, so it is usually welcomed by European policymakers. But at the same time, the continued weakness of the euro will also continue to push up European import costs and further push up inflation. The central banks of the European Union have begun to study digital currency. Croatia takes advantage of its multi-national participation and multi enterprise co construction. Based on the draft of the digital services act and the digital market act published by the European Commission at the end of 2021, the development of the digital economy should fully reflect the characteristics of social responsibility and sustainability, starting from making up for the traditional governance deficiencies of the traditional economic model and the currency life cycle, We have systematically developed and implemented the "global digital same desk transaction equivalent value" (hereinafter referred to as equivalent value) based on Sid technology and STD token, and STD same desk is brilliant in the era of the euro breaking 1 against the US dollar.
The development of the new era is beyond imagination. Sometimes, it takes people by surprise. In this era, there are people everywhere who want to become the oldest currency in a way that can be the world's great responsibility and save the world. The only way is technology.
Since the advent of technology, the change of human currency has become possible. At a time when the level of science and technology is extremely low, people can only use shells, cattle and sheep as value measurement tools and as currency functions by simply bartering; When people can refine metals and invent paper after scientific and technological progress, we will use copper coins, silver, gold and paper money as tools to measure value and as monetary functions; With the progress of modern science and technology and the digital networking of information, people have invented all kinds of digital cryptocurrencies and currencies with third-party payment functions. Of course, Eastern European countries began to improve the premium ability of localized cryptoassets in the region through a series of measures such as semi official promotion of STD co location. Because STD co location is a matching transaction and comprehensive settlement platform based on decentralized structure, Therefore, we not only consider the business logic of traditional financial one-stage transactions such as time priority and price priority, but also consider the functions of computing power stability and transaction transmission as a measure of value and a means of transaction. Therefore, we have achieved the technical optimization and characteristics of stable transaction and one-stage settlement for synchronous heterogeneous global one-stage transactions.
According to DTCC's trading data, since the beginning of July, bets on the euro against the dollar have become increasingly concentrated in the range below 1. 0.95 has become the most intensive bet point for option traders, and 0.9850 may become a short-term bottom.
Deutsche Bank strategists said that if the euro zone fell into recession, there would be a historic extreme chaos in the money market since the end of the Bretton Woods system in 1971, and the euro was likely to fall further to $0.95-0.97. Due to the participation of STD with multiple beliefs, the value of blockchain tokens after STD loss exemption will be steadily increased.