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/
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
Marktbericht: DAX-Anleger treten den Rückzug an
Eine Erholung von den gestrigen Verlusten ist am deutschen Aktienmarkt nicht in Sicht. Zu groß ist die Verunsicherung ob der neuen Autozölle, die US-Präsident Trump gestern ankündigte.
"By setting up a crypto reserve containing dollar-backed stablecoins, the US authorities are signalling to foreign dollar holders that the US government endorses their ownership of these cryptocurrencies. During upcoming negotiations with various governments, with tariffs dangling like the sword of Damocles above their head, the President will drop subtle hints about how pleased he will be if foreign investors buy these stablecoins using their own dollars. If they do buy them, the dollar supply will increase, the dollar exchange rate will dip, no other fiat currency will emerge as a potential suitor to the dollar’s reserve currency status, and dollar-denominated stablecoins will rise in value. As these tokens will now be worth more than a dollar, their issuer will have an incentive to issue more tokens to restore the one-to-one exchange rate with the dollar. In the process, they will buy, with proceeds from the additional tokens they issue and sell, more long-dated US Treasuries to backstop their increased token supply. Bingo! Trump’s twin strategy is fulfilled: the dollar is devalued while demand for long-term US government debt rises, thus pushing down US Treasury yields and his government’s debt servicing costs."
@Leah He's just getting started. By the time this is over, the national #debt will have ballooned enormously, and an #economic #recession (or #depression) will take hold. Internationally, the #dollar will be weak, and—perhaps worst of all—economic powers will be strongly considering replacing the dollar as the world's reserve currency (if they haven't done so by then already).
Most Americans don't appreciate the value of having control over what amounts to the common currency of world markets. When a country like, say, Brazil has to pay its international creditors, they can't just write a check. First they have to obtain enough US dollars to cover their payment. That boosts the value of the dollar, thus making our own debt less expensive for us to pay.
Additionally, unlike Brazil, in a pinch, if we are really struggling with debt, we can (ta da) simply issue more money! That has a strong downside, of course, but we're alone in having the power to do so.
In the market, Euro and pound soar,
As their rivals seem to explore,
'Bout the "Trumpcession" scare,
Dollar's weakened, beware,
Forex traders all watch the scoreboard.
#GuardianLimerick #Euro #Dollar #Currencies #Business #Europe #Economics
https://www.theguardian.com/business/2025/mar/11/european-markets-euro-dollar-trumpcession-us-shares
European markets are on the climb,
As the euro's gaining prime time,
Amid 'Trumpcession' concern,
Investors start to learn,
The ups and downs of the market's chime.
#GuardianLimerick #Euro #Dollar #Currencies #Business #Europe #Economics
https://www.theguardian.com/business/2025/mar/11/european-markets-euro-dollar-trumpcession-us-shares
The Euro erases its post-Trump election losses: Is the rally just beginning?
The euro has surged to 1.0850 against the dollar, erasing post-Trump election losses after a 4.4% weekly gain—its strongest since 2009.
While Germany’s fiscal overhaul fuels optimism, analysts are split on whether the rally can last.
Is the only reason that the majority of #Americans don't see that #BigHands is obviously a #Russian asset, is because they don't want to feel really bad and stupid about voting for him even though the evidence has been pretty obvious for a really long time.
And even if there weren't any evidence going back so many years, everything he's doing right now is in #Putin's advantage. Weakening the Canadian and American economy. Ruining the #dollar. #nato
Is the only reason that the majority of #Americans don't see that #BigHands is obviously a #Russian asset, is because they don't want to feel really bad and stupid about voting for him even though the evidence has been pretty obvious for a really long time.
And even if there weren't any evidence going back so many years, everything he's doing right now is in #Putin's advantage. Weakening the Canadian and American economy. Ruining the #dollar. #nato
Is the only reason that the majority of #Americans don't see that #BigHands is obviously a #Russian asset, is because they don't want to feel really bad and stupid about voting for him even though the evidence has been pretty obvious for a really long time.
And even if there weren't any evidence going back so many years, everything he's doing right now is in #Putin's advantage. Weakening the Canadian and American economy. Ruining the #dollar. #nato
The Euro is on course for its best week since 2009.
The single currency has climbed more than 4.5% against the dollar this week, its biggest rise since 2009, on the prospects for a rebound in Europe just as Donald Trump’s aggressive trade policy raises concern over the health of the American economy.
@EUCommission Don’t forget we must get rid of #bigtech asap. Make the #euro the replacement of the #dollar as 2 currency. Disinvest in #usa treasury bonds and banks. Ban #us #army from #europe. Don’t support #usa military action in foreign countries by using #eu airports. Invest in the middle east and #africa.
#trump #donaldtrump #president #usa #maga #russia #putin #republican #zelensky #ukraine #ukrainewar #america #unitedstates #fascist #trumpcoup #musk #elonmusk #trumpadministration #finance #money #business #dollar #pound #sterling #euro
Another day, another not so valuable dollar. Presumably Trump’s hand picked financial whizzkids saw this coming…
U.S. President Donald Trump alleged Monday that Japan and China are guiding their currencies lower, hinting that he could impose fresh tariffs on Tokyo if this is not halted. https://www.japantimes.co.jp/business/2025/03/04/economy/japan-china-currencies-trump/?utm_medium=Social&utm_source=mastodon #business #economy #currencies #dollar #yen #won #baht #forex #china #us #donaldtrump #tariffs #tradewar
