archivetrump dollar

Amid loss of confidence in the US economy as a result of President Donald Trump’s policies, euro has climbed to a three-year high as the US dollar has fallen 8% since Januaryread moreAs confidence in the US economy falls as a result of President Donald Trump’s policies, euro has emerged as a safe haven that has gained at the cost of US dollar.Even though Trump came to office with the promise of bringing US economy out of the purported yearslong decline, the US dollar’s value has fallen 8 per cent...

getty It’s the ultimate widow-maker trade: dumping the U.S. dollar on fears its reserve-currency status is ending. Count the times speculators lived to regret shorting what’s still the center of the financial universe in the last 30 years. During the 1997-1998 Asian and Russian financial crises, investors wondered if overly aggressive Federal Reserve tightening might trigger a collective move away from the dollar. Anger over the U.S. invasion of Iraq in the early 2000s seemed to imperil the dollar’s role in finance and trade. At the time, economist Joseph Quinlan,...