How Trump’s election might accelerate decline of US dollar’s dominance
1 week, 1 day ago

How Trump’s election might accelerate decline of US dollar’s dominance

Firstpost  

The US dollar surged to a one-year high within two weeks of Donald Trump winning the US presidential election in November. Trump has also made not-so-veiled threats to the leaders of the Brics group should they create a rival to the US dollar, which has been the world’s dominant currency World War II. However, it is possible that Trump’s “America First” foreign policy could serve to hasten the end of the US dollar’s dominance. Trump’s economic policies are likely to increase US debt, and this can reduce the value of the large US dollar reserves held around the world. But Trump’s “America First” policy, as well as the greater weaponisation of the US dollar, could lead to its relegation from being the only world currency.

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History of this topic

How Trump is rethinking economic power
2 weeks, 4 days ago

How Trump is rethinking economic power

Live Mint  

In September, Donald Trump made an impassioned defense of the dollar’s status as the world’s reserve currency: “If we lost the dollar as the world currency, I think that would be the equivalent of losing a war." Yet Trump’s defense of the dollar is a window into how he thinks the U.S. should exercise its economic power. “The more that …

“Find another sucker”: Trump threatens 100% tariff on countries that resist U.S. dollar
3 weeks ago

“Find another sucker”: Trump threatens 100% tariff on countries that resist U.S. dollar

Salon  

President-elect Donald Trump's tariff threats continued on Saturday with a pledge to enact 100% tariffs on a bloc of nine countries if they shift away from the U.S. dollar in international trade. “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar,” Trump …

Trump tariff vow hit
3 weeks, 5 days ago

Trump tariff vow hit

Live Mint  

By Alden Bentley NEW YORK, - A pledge by President-elect Donald Trump to impose tariffs on products from Canada, Mexico and China sent their currencies lower against the dollar on Tuesday, renewing the specter of trade wars and fanning uncertainty in other currency pairs. But, of course, the peso is vulnerable to falling into those multi-year lows against the U.S. …

Dollar Jumps, dragging Peso to Loonie on renewed Trump's tariff threat
3 weeks, 6 days ago

Dollar Jumps, dragging Peso to Loonie on renewed Trump's tariff threat

Hindustan Times  

The dollar rebounded strongly as President-elect Donald Trump’s fresh tariff threats dampened wagers that his Treasury Secretary pick would soften the blow from the administration’s trade policies. President elect Donald Trump Bloomberg’s dollar gauge rose 0.3%, paring some of Monday’s gains, and the offshore yuan slumped to a four month low after Trump said he would impose an extra 10% …

Dollar hits one-year high on Trump trades
Trending News
1 month, 1 week ago

Dollar hits one-year high on Trump trades

Live Mint  

* Bitcoin surges to new all-time peak * Yen drops below 155 per dollar * Euro falls to one-year low * Dollar index hits highest since November 2023 By Chibuike Oguh NEW YORK, - The U.S. dollar advanced to one-year high against major currencies on Wednesday powered by so-called Trump trades and after U.S. inflation for October came in as …

Trump’s comeback to bring massive tariffs, trade wars & global economic turmoil?
1 month, 1 week ago

Trump’s comeback to bring massive tariffs, trade wars & global economic turmoil?

Firstpost  

Donald Trump’s return as US President could bring significant economic shifts, with proposed tariffs and stricter immigration policies affecting global trade and emerging markets. These tariffs could also affect global economic growth, with the International Monetary Fund projecting it at just 3.2 per cent for next year. In a recent interview, IMF First Deputy Managing Director Gita Gopinath stated that …

Emerging Markets Brace for Election Fallout: Will Trump Upend Global Trade?
1 month, 2 weeks ago

Emerging Markets Brace for Election Fallout: Will Trump Upend Global Trade?

Hindustan Times  

Emerging markets are jittery as the US presidential election nears, with investors positioning for the potential fallout of a Donald Trump victory. The Mexican peso and Chinese yuan are among the currencies expected to be most affected by the outcome, with the former sliding to its lowest level this year and the latter experiencing its biggest advance in two years. …

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