Worry about Donald Trump! Is the dollar losing its Mojo? An unprecedented sell-off, a sharp drop tip
According to the Associated Press, none of the economy formed by threat collections is as strange as the sell-off of the dollar.
The dollar’s dominance in cross-border trade, and as a safe haven, both governments have been fostered for decades because it helps to reduce the cost of borrowing and allows Washington to project power abroad – a huge advantage that could disappear if belief in the United States is damaged.
“Global trusts and dependence on the dollar are built,” said Barry Echengreen, an economist at the University of California. “But it can get lost in the blink of an eye.”
The dollar has fallen 9% against the dollar since mid-January, a basket of currencies, a rare and dramatic decline in currencies to its lowest level in three years.
Many investors who Trump scared believe that the dollar will not push quickly from its position as the world’s reserve currency, but expectation will decline more slowly. But given the benefits to be lost, demand for money remains strong even if most of the world’s commodities are exchanged in US dollars, even if the United States doubles in more than a decade and often causes investors to flee things. This allows the U.S. government, consumers and businesses to borrow at unnatural interest rates, which helps accelerate economic growth and improve living standards. The dominance of debt also enables the United States to surround other countries by locking them from currencies that need to be bought and sold and sold with others.
Now, as economists say, “high privileges” are suddenly in danger.
FAQ
Q1. Who is the president of the United States?
A1. The president of the United States is Donald Trump.
Q2. What is the current US dollar price?
A2. The dollar has fallen 9% against the dollar since mid-January, a basket of currencies, a rare and dramatic decline in currencies to its lowest level in three years.
