Assessing where rate differentials alone would have put the dollar is not quite conclusive—over longer periods other factors, such as relative growth, also move currencies—but this evidence does indicate Mr Trump has done damage.

“Further euro strength is likely to be self-defeating,” said Valentin Marinov, a currency strategist at Crédit Agricole, a French bank. Exports were already likely to weaken and become a drag on the eurozone economy because of U.S. tariffs and European government policies that would encourage more imports.

Gold eased on Wednesday as risk appetite improved after U.S. President Donald Trump announced a trade deal with Japan ahead of an impending tariff deadline, though a soft dollar and lower Treasury yields capped losses for greenback-priced bullion.

NEW YORK, NY (IANS)- President Donald Trump has claimed that his threat of a 10 percent tariff on BRICS members scared them off, asserting that “almost nobody showed up” for a subsequent meeting. This claim, however, stands in contrast to the reality that the BRICS summit continued with full attendance.

Donald Trump has criticized the BRICS economic alliance, accusing it of attempting to undermine the dominance of the U.S. dollar. He threatened to impose a 10% tariff on member nations—Brazil, Russia,

During a bill signing ceremony for the GENIUS Act at the White House several days ago, Donald Trump babbled on about the dollar and how only a "dummy" president would let the dollar slide. Funnily enough,

The dollar lost value following news that President Trump told lawmakers he will likely try to oust Federal Reserve Chair Jerome Powell. The U.S. Dollar Index, which measures the greenback against a basket of currencies including the Euro and yen,

“’Short US dollar’ is the most crowded trade for the first time in FMS history (per 34% of investors),” the report stated, replacing a three-month run for “long gold” and a near two-year run for “long Magnificent 7.” Write to Martin Baccardax at [email protected]

President Trump signed the GENIUS Act into law on Friday, according to Reuters. The law establishes the first U.S. regulatory framework for dollar-pegged cryptocurrencies known as stablecoins. Trump called the law a “validation” of crypto’s pioneering role,