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.

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,

It’s just the latest instance of Trump looking the other way on accused crypto-criminals. Earlier this month, the DOJ and U.S. Commodity Futures Trading Commission ended investigations into crypto futures betting platform Polymarket,

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,

President Trump confronts BRICS nations with severe trade consequences over potential currency shifts. The economic bloc faces 100% tariffs if they move away from the U.S. dollar.

The GENIUS Act requires stablecoins in the U.S. be backed by dollars or U.S. Treasuries. That will lock in demand for dollars and short-term U.S. bonds from stablecoin issuers.

President Trump has seized on the Federal Reserve’s multibillion-dollar makeover as a possible avenue for finally ousting its politically independent chair, Jerome Powell. Trump has for months criticized Powell over the Fed’s refusal to cut interest rates,