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The dollar has sunk to its lowest in three years as rapidly changing US trade policy unsettles markets and expectations build for Federal Reserve rate cuts, fuelling outflows from the world’s biggest economy.While the dollar was higher on Friday, lifted by safe haven flows as Israel launched a strike on Iran, it was still set for its biggest weekly drop in a month.It is also down almost 10% against a basket of major currencies this year, leaving other countries grappling with unanticipated FX moves that are having a knock-on impact...

It’s been a tough few months for believers in the currency market version of Pax Americana.Dollar critics confidently proclaim that its reign is over. In Asia, this is a "sell America” moment. Any sane investor is scouring the planet for an alternative — one that offers all the advantages of the incumbent but none of the downside. Europeans also want in, extolling the virtues of the euro.Good luck with that. One of my reservations about this bearishness isn’t that the upheavals induced by U.S. President Donald Trump — tariffs, an...

Indonesia is bulking up its defence regardless. In January, when Japanese Prime Minister Shigeru Ishiba visited Jakarta, it was announced that Japan would give Indonesia two high-speed patrol boats and boost regional maritime security cooperation. In 2023, the Indonesian military was the only one from ASEAN that participated in a two-week training exercise between Australia and the US. Experts have pointed out that these war games, called Talisman Sabre, are designed with China in mind. It is a balancing act, however, for Indonesia: Jakarta and Beijing have plans for joint...

New Delhi: An American proposal to tax money sent abroad by non-US citizens is raising concerns in India. If passed, this 5% tax on remittances could significantly impact Indian households and the country’s currency, potentially causing India to lose between $12 billion and $18 billion annually in foreign currency inflows, according to a report released by trade think tank Global Trade Research Initiative (GTRI) on Sunday.The tax is part of a bigger legislation, dubbed “The One Big Beautiful Bill,” introduced in the US House of Representatives on 12 May. It...

Sign up to receive CFR President Mike Froman’s analysis on the most important foreign policy story of the week, delivered to your inbox every Friday afternoon. Subscribe to The World This Week. More From Our Experts Greetings from Tokyo. More on: Japan United States U.S. Economy Trade My deep interest in Japan dates back to my days working as a young summer associate at a Japanese law firm in Tokyo in 1989. (My now-wife, Nancy, worked at the rival law firm.) In those days, Japan was in the midst of an incredible economic boom...

March’s local real estate activity indicated a relatively balanced market for both Sarasota and Manatee counties, but changing national and international dynamics could call that stability into question.The Realtor Association of Sarasota and Manatee’s March report noted continued stability in the Sarasota and Manatee real estate markets, with steady single-family home activity and a strong presence of cash buyers tilting the overall trend slightly in favor of buyers. But as international economic headwinds shift following President Donald Trump's imposition of his tariff policies, and other countries' retaliation, the market could...

Rabat — Morocco and Egypt are taking bold steps towards boosting their bilateral trade and economic cooperation. In preparation for an upcoming Moroccan economic mission to Cairo, the co-presidents of the Morocco-Egypt Business Council held a working session on Friday with the Egyptian Ambassador to Morocco. The meeting focused on strengthening bilateral commercial ties between the two North African countries through strategic partnerships in key economic sectors. Ali Tazi and Nezar Ismaïl, who head the Business Council jointly established by the General Confederation of Moroccan Enterprises (CGEM) and the Egyptian...

TOKYO - Japan is "deeply concerned" about global economic fallout from US President Donald Trump's trade tariffs, Finance Minister Katsunobu Kato said on Thursday (April 17) in the government's strongest warning yet as the two nations began trade talks. In an interview with Reuters in Tokyo hours after the talks began in Washington, Kato also voiced concern over recent volatile market moves triggered by Trump's tariff announcements, saying they could hurt Japan's economic recovery. "The recent US tariff measures affect various industries and heighten uncertainty. We're deeply concerned they could affect...

US dollars and Treasurys are selling off as President Donald Trump's trade war increases risk for American assets.Investors are uneasy about Trump's policy changes and moving their money from US assets to classic safe havens.The euro has hit a three-year high against the dollar, benefiting from the 'Sell America' trend.Dollar and Treasurys are selling off on Friday as President Donald Trump's trade war ratchets up the risk for American assets.The US Dollar Index — which measures the greenback against a basket of major currencies — fell below the key 100...

President Donald Trump said Wednesday he will pause reciprocal tariffs for 90 days to more than 75 U.S. trading partners except for China, whose tariff rate he said will increase to 125%, effective immediately.U.S. markets reacted favorably, surging higher in afternoon trading. The Dow gained nearly 3,000 points and the S&P 500 rose 474. The Nasdaq rose more than 1,800.Trump's decision is the latest is a series of market-wrenching moves that have taken place since the president announced a series of tariffs on April 2. Stock market declines and a...