The US #dollar dropped sharply Thursday as the US trade war dented investors' confidence in US growth prospects.
The US dollar index plunged 2.16% in premarket trading on Thursday, falling to its lowest level since October. This follows a sweeping volley of #TrumpTariffs announcements on Wednesday, accelerating fear that American growth is at risk.
“While the #Treasurymarket and the #USdollar have so far held up relatively well, further reductions in countries’ #US #debt holdings could push #Treasury #yields higher, weaken the #dollar, and threaten the stability of the #international #financialsystem” www.project-syndicate.org/commentary/i...
Will the World Keep Buying US ...
The Dollar is down, the Euro is up.
What are the chances of a belligerent and slow witted tyrant being elected to the head of the EU and then being able to single handily destroy it from within, with little or no pushback from others?
Safer money is on the Euro , isn't it?
We need to overreact.
We need to stop this NOW.
If the #Democrats don't, the people must.
#trump #tariffs #economy #crash #dollar #catastrophe #safetynets
One can't freely manipulate the market.
Except when one is the President.
MARKETS
Dollar Drops, Gold Hits Record
Euro nears 1.10 after Trump tariffs; dollar weakens as bond yields fall.
Gold hits $3,195/oz; top performer of 2025 so far.
Asian & US futures tumble; Nikkei -3%, Nasdaq -3.3%, S&P -2.78%.
Copper, oil, tech stocks hit as recession fears grow.
"Trump is therefore not the first President to seek the controlled disintegration of the world economy by means of a devastating blow. Nor is he the first to purposely damage America’s allies to renew and prolong US hegemony. Nor the first who was prepared to hurt Wall Street in the short run in the process of strengthening US capital accumulation in the long term. Nixon had done all that half a century earlier.
And the irony is that the world the Western liberal establishment is grieving over today came into being as a result of the Nixon Shock. While admonishing the idea of a US President delivering a rude shock to the world economy, they are lamenting the passing of what only came into being because of another President’s readiness to deliver an even ruder shock. That is, the Nixon Shock gave birth to the darlings of today’s liberal establishment: neoliberalism, financialisation and globalisation."
https://unherd.com/2025/04/will-liberation-day-transform-the-world/
The American foreign policy is a total mess. The administrations actions are nothing less than a me me me attitude of a toddler. This I don’t care about anyone else, but me is destroying the American experiment. The value of the dollar shrinks almost every day. Eventually, it will no longer be the world currency that everyone looks to. American values used to be emulated and respected.Over the past decades it’s all gone to shit. #America #Currency #Dollar #USA #American #Policy #Trump #1stFelon
6238 (BE)
DO YOU BELIEVE IN MONEY?
& Pot de Yaourt
#ErnestBecker #dollar #Luttre #yaourt #streetart
Now that #TRUMP has definitively destroyed the #USA #economy
Some #MAGAs representatives of the #GOP
begin to be frightened
They had to wait for Trump to burn the #Nation economy to the ground before ...
But now it's a 'little' late
The #World no longer trusts #America
the #dollar is NOT a safe currency anymore
USA #bond are dumped everywere
investiment has already been redirected away from USA
trust is everything
NOBODY trust fascist trump america.
**How Trump’s economic team hopes to reset the international financial system**
DW News
“_As part of the scheme, the White House would reclassify trading partners into friends and enemies, and deliberately devalue the US dollar._”
#Video length: nine minutes and thirty-two seconds.
https://www.youtube.com/watch?v=3YR5hvqAaIk
#Trump #Economics #Debt #USDebt #USDollar #Dollar #Trade #Politics #Finance @economics
The #dollar's 4% drop gives emerging market currencies a chance to shine.
#Trump's re-engagement w/ #Russia & #Putin has helped the #ruble surge 35%, although it remains heavily restricted in most major economies by sanctions.
#Poland's zloty & the #Czech crown that also stand to benefit if the #Ukraine conflict ends are near the top of the list, w/gains of over 5%, while even #Mexico's peso & #Canada's dollar are in positive territory despite all #tariff traumas.
"The #dollar view has unravelled very quickly this year," said State Street Global Markets' Michael Metcalfe. "I think there has been an element of take what was said at the start of the year & just flip it."
Just as jarring, the 'Magnificent Seven' #US #tech giants have been hit for 6. They have been a cash cow for portfolios for years but have shed nearly $2T & been left for dust by #Chinese rivals & #Europe's defense firms.
Markets in Q1: #ETTTTS
Whereas the major risk back in Jan was that #Trump's 'America first' policies would push #inflation back up & prevent #US interest rate cuts, now the most important risk is #recession risk.
That has spun the $140T global bond #market 180°.
#Gold, the ultimate safe port in a storm, has had its best quarter since 1986 due to Trump's #TradeWar & the #dollar is flirting w/its worst start to a year since the 2008 global bust.
#economy #trumpcession
https://www.reuters.com/markets/us/global-markets-q1-analysis-pix-2025-03-30/
Is the dollar really at risk? Paul Krugman delves into its critical role in global trade, addressing misconceptions about trade deficits and the controversial “Mar-a-Lago Accord.” His latest post simplifies the international monetary system and counters alarmist claims regarding inflation and manufacturing. Discover the balance of payments and the dollar's unique status. For a clearer perspective, read the full piece here: [Source](https://paulkrugman.substack.com/p/a-balance-of-payments-primer-part-b66). #Economics #Dollar #TradeDeficits #FinanceInsights
U.S. President Donald Trump’s actions are rekindling long-simmering discussions about whether overseas governments will accelerate efforts to less reliance on the dollar. https://www.japantimes.co.jp/business/2025/03/29/economy/trump-dollar-dominance-focus/?utm_medium=Social&utm_source=mastodon #business #economy #us #donaldtrump #currencies #dollar #globaleconomy
"The dollar’s post-Bretton Woods triumph was a pivotal point in economic history. Ever since, the world has been on a dollar standard, for good and — according to Lula et al — for ill. Precisely what this dominance entails and the powers it grants are at the core of two new books. In King Dollar, Paul Blustein takes a broad look at the greenback, exploring its history, its competitors, and its use as a weapon of economic war. In Chokepoints, Edward Fishman zooms in on the geoeconomics, studying the growing role sanctions, largely underpinned by dollar dominance, have played in US foreign policy.
While officials in the 1970s were at first hesitant about dollar dominance, they soon welcomed the immense geopolitical leverage it offered. Since access to the dollar system was essential for governments and businesses around the globe, Washington could punish adversaries without firing a bullet by blocking their ability to transact in dollars. As Fishman explains, when Iranian students stormed the US embassy in Tehran in 1979, President Jimmy Carter imposed sanctions in the first application of the International Emergency Economic Powers Act, the 1977 law that provides sanctioning authority to this day. Carter’s response included a freeze on some $12bn in Iranian assets, a blow that ultimately helped bring Tehran to the negotiating table and the hostage crisis to an end. The dollar was no longer just a currency but a weapon that could augment US power.
In the decades since, Washington’s reliance on that weapon has only grown. Policymakers have embraced sanctions as a go-to tool, transforming US foreign policy and the global economy in the process."
https://www.ft.com/content/8cecc6e1-72b0-4ca5-8606-392008bc09c2
