i wrote a thread explaining why weaker USD means more credit/loans issued in USD, thus driving up global liquidity you can read it here: https://illya.sh/threads/@1755216337-1.html

Illya Gerasymchuk 2025-08-16 12:42

USD cross-border bank credit grew by $800 billion in Q1 2025 expect further increases for Q2 2025, due to the weak US dollar