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@free10.bsky.social America has turned into mediaeval Europe. Land of kings and religious bigots.
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Some reflections on how extraordinary the US dollar declines are today. Tariffs are supposed to strengthen the US dollar, not weaken it. But that is not what is happening here so far. 1/
Well, the first innings are interesting, and in fact the precise opposite. The US dollar is sliding on concerns Trump's tariffs will batter the US economy. Bloomberg’s dollar index dropping more than 1% to a five-month low. - Euro up 1.3% - Yen up 1.4% - Offshore yuan fell 0.3% - GBP up 1.1%
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