Why the dollar was predicted to collapse

24 September 2018, 18:42 | Economy
photo YTPO.ru
Text Size:

Foreign currency - the dollar and the euro - have been falling for several days in a row, and this is an occasion to reflect on what is happening to them. The case, obviously, is not in the current market situation, namely in the long-term strategy of the United States. Americans deliberately reject a strong dollar, which in Washington's macroeconomic policy has not been for a very long time.

The weakening of the dollar is a direct result of the actions of the administration of Donald Trump. After all during the election campaign, his main slogans were "America first" and "Make America great again" ("America first" and "Let's make America great again"). The president set the state the task - to pay off the trade deficit of $ 500 billion. For the sake of this, we had to "lower" the national currency.

At the same time Trump administration insisted and continues to instruct on the stability of the dollar, unpredictable behavior of which greatly agitated international markets. So, against the background of its fall, other raw materials began to grow in price. First of all, of course, gold and oil. The last blow to the dollar was a statement by the US Treasury last week. Head of Treasury Stephen Mnuchin supported the idea of ??weakening the dollar. Financial analysts believe that after this statement it can be confidently said: the dollar entered the era of its "stable weakness", writes "Expert".




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer