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#DOLLAR

25 posts21 participants0 posts today

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.

📉 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."

unherd.com/2025/04/will-libera

UnHerd · Will Liberation Day transform the world?By Yanis Varoufakis
#USA#Trump#TradeWar

🔴 🇺🇸 :youtube: **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.

🔗 youtube.com/watch?v=3YR5hvqAaI

#Trump #Economics #Debt #USDebt #USDollar #Dollar #Trade #Politics #Finance @economics

Continued thread

The 's 4% drop gives emerging market currencies a chance to shine.

's re-engagement w/ & has helped the surge 35%, although it remains heavily restricted in most major economies by sanctions.

's zloty & the crown that also stand to benefit if the conflict ends are near the top of the list, w/gains of over 5%, while even 's peso & 's dollar are in positive territory despite all traumas.