Trump Deepens Dollar Woes, Brushing Off Concerns About Slump

[Yo_Mama_Been_Loggin]

(Bloomberg) -- President Donald Trump indicated he’s comfortable with the dollar’s recent decline, helping send the currency to its lowest level since early 2022.

“No, I think it’s great,” Trump told reporters in Iowa on Tuesday when asked if he was worried about the currency’s drop. “I think the value of the dollar — look at the business we’re doing. The dollar’s doing great.”

Trump’s comments added fuel to what was already the dollar’s deepest drop since his tariff rollout sent markets into a tailspin last year, fanning fears that his erratic policy shifts would drive overseas investors to pull back from the US. After he spoke, the Bloomberg Dollar Spot Index extended losses to as much as 1.2%, as the US currency weakened against all of its major counterparts before steadying somewhat in London trading Wednesday. The latest tumble puts the gauge on track for its worst month since April.

The president has long accused other countries of seeking weaker exchange rates to boost exports, and Treasury Secretary Scott Bessent has highlighted the distinction between the dollar’s price and its value as a reserve currency. So these latest comments were seen as giving a green-light to traders to sell the greenback.

https://finance.yahoo.com/news/trump-says-not-concerned-decline-205831235.html

[C_U_L8R]

1. Because Wall Street enjoys a good brushoff ?

This instability is all a reflection of Trump’s ineptitude. What an idiot.

[gab13by13]

3. Nope.

Krasnov has only one economic goal, to crash the dollar. His tariff nonsense was just a mob boss shake down of countries which was also designed to crash the dollar.

Krasnov and his billionaire cronies want to replace the dollar with cyber-currency, why he will be able to just wipe away our debt.

Yeah, my 401k cash will disappear but billionaires need it more than I do I guess.

[littlemissmartypants]

4. He wants to get the cash first.

And he doesn't know or care to know anything about how it all works. He's a greedy psychopath and he's not that deep.

But I do understand what you are saying.

[31st Street Bridge]

2. As with everything else ...

He has NO idea what he's talking about.