Posts

Showing posts with the label usd

De-Dollarization Cancelled: 2 Ways Trump's Tariffs May Bolster US Dollar

Image
Donald Trump is back in the White House and is steadily focused on one agenda only, which is to make America great again. His MAGA efforts are also directed towards bolstering the US economy and, in turn, robusting the US dollar by making it one of the strongest currencies ever to exist. His aggressive tariff policies are directed towards extinguishing threats against the American regime and curbing the rising de-dollarization narratives that have lately been gaining steam. Here are two ways in which Trump’s aggressive tariff gamble may turn out to be the most promising strategy for boosting the US dollar. Also Read: Can Dogecoin Surge to $2 if a DOGE ETF Gets The Green Light? Donald Trump and His US Dollar Strengthening Formula: Tariffs Source: MarketWatch Trump is currently on a solid mission to deploy tariffs on nations. These tariffs have been levied primarily to help the US economy gain momentum and traction on a global pedestal. This development also aims to strengthen US ma...

Local Currencies Bow to the Mighty US Dollar in 2024

Image
The dreams of a de-dollarization world kick-started by developing countries in 2024 remain just that, a dream. The US dollar outperformed all local currencies this year despite facing challenges from developing economies. The DXY index, which measures the performance of the USD shows it climbing above the 106.80 range in April this month. That’s a surge of 5% since the start of the year when it dipped to a dangerous low of 101.20. Also Read: Russia to Double Its Oil & Gas Revenue, Pocket $14 Billion in April Source: MarketWatch The Might of the US Dollar in Full Display Against Local Currencies in 2024 Source: scmp.com / Shutterstock The US dollar hammered all leading local currencies including the Pound Sterling, Chinese Yuan , Japanese Yen, and Indian Rupee . The yuan,  yen , and Rupee looked to throttle the USD in the currency market and come out on top. However, the USD came triumphant outshining all three this year...