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#dollar

13 posts12 participants2 posts today
Public
MediaFaro Analysis

Can the euro go global?

Since its birth in 1999, the euro has been a contender for global status. The euro is not about to supplant the dollar. But it may serve an increasingly important function.

If policymakers seize the moment, potentially epochal shifts in the global financial order could work to Europe’s benefit.

mediafaro.org/article/20250416

An illustration of binoculars with euro signs in them. | Illustration: Alberto Miranda
The Economist · Can the euro go global?By The Economist
#Euro#Dollar#Eurozone
Continued thread
Public
Nonilex

The #Federal is ready to provide #dollar liquidity through its swap lines w/other central banks as needed, #JeromePowell said.

"We want to make sure that dollars are available.”

"The reason we do it is it's really good for US consumers, so we'll do that just as part of the dollar being a reserve currency.”

Reserves are still abundant

Not close to where Fed would stop balance sheet runoff

The slower the Fed goes, the smaller the balance sheet can get w/o disruption

#economy #Trump 🧵

Public
Ricardo Harvin

The Trump administration, its allies, and supporters are working to trash the dollar, Treasuries, and the overall economy so the crypto bros can come in to start tearing apart the Federal Reserve and extend the scam of crypto currency to steal trillions of dollars from the U.S. government, its citizens, and the world.

The chaos is the point, not a mistake.

Gold isn't at a peak valuation by mere coincidence.

#USPol #dollar #FiatCurrency #TreasuryBonds #gold #crypto is a scam, all of it, period

Public
PrivacyDigest

#Hertz says customers' personal data and driver's licenses stolen in data #breach | TechCrunch

Car rental giant Hertz has begun notifying its customers of a data breach that included their personal information and driver’s licenses.

The rental company, which also owns the #Dollar and #Thrifty brands, said in notices on its website that the breach relates to a #cyberattack on one of its vendors between October 2024 and December 2024.
#privacy #security

techcrunch.com/2025/04/14/hert

TechCrunch · Hertz says customers' personal data and driver's licenses stolen in data breach | TechCrunchThe car rental giant attributed the breach to Cleo, whose customers had data stolen by a ransomware gang in 2024.
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Ben Royce 🇺🇦

Since #WWII, the #USA had established itself as the anchor of the world #economy

This was based on #trust

#MAGA morons will never admit it, but in less than 100 days, #Trump destroyed it. He doesn't know what trust means

It's not coming back, for a long time, if it's coming back at all

The #USA will suffer greatly for it

But not MAGA morons

They are immune to shame

"Investors are growing concerned about a U.S. asset exodus as Treasuries and the #dollar decline"

cnbc.com/2025/04/12/investors-

CNBCInvestors are growing concerned about a U.S. asset exodus as Treasuries and the dollar declineThe combined decline of U.S. stocks, bonds and the dollar could be a sign of a broader shift away from investing in America.
Public
Silkester

Trump threatens #BRICS with tariffs if they drop the $ ... is he now, Hm?

India* 1,460.5
China* 1,416.9
Indonesia 285.1
Brazil' 212.6
Russia' 146.0
Ethiopia 134.6
Egypt 117.8
South Africa 64.7
Iran 61.5
United Arab Emirates 11.2

BRICS; 3,910.5

#population #TrumpTariffs #Dollar #Economy

I don't really think BRICS countries care. They joint to decouple from the $$$. And it would never be cordially, anyway. Now is as good as any time.

Continued thread
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ˈdälfən™🐬 💥 🌊

/2 🧵🧐

A weaker #dollar will mean that things cost more in the US because more dollars are needed to buy things with the decrease in the dollar’s purchasing power— goes for imports (of course, compounded with the effects of #tariffs ) and also goods made in the #USA because of complicated supply chains for material to make the goods. Increases in capital expenditures and operating costs could also cause US service businesses to raise #prices for customers.

#economics#business#inflation
Public *
ˈdälfən™🐬 💥 🌊

After raising tariffs to 125%, #China said it would not raise rates further as there is no market acceptance for U.S. goods at current levels.

Also: The dollar’s value is dropping, but that might be the #Trump admin’s plan.

(Note: Some economists say that if the dollar increases, the massive selling opportunity might disrupt the US bond market so much, it “could mean a break in the post-1973 international monetary system.”)

/1 🧵

After raising tariffs to 125%, China said it would not raise rates further as there's no market acceptance for U.S. goods at current levels. PHOTO: AFP VIA GETTY IMAGES TRADE China Raises Tariffs on the U.S. Again. Currencies Are a New Concern. China responded to the White House's latest tariffs move against the world's second- largest country, lifting its rates on U.S. goods and vowing to "resolutely counterattack and fight to the end." By Reshma Kapadia and Anita Hamilton Updated April 11, 2025, 1:58 pm EDT Original April 11, 2025, 4:57 am EDT Barron’s (via Apple News) Accessed: 11 April 2025 at 1930 PST Full article at: https://www.barrons.com/articles/trump-tariffs-china-us-news-a18dd47b
China responded to the White House's latest tariffs move against the world's second-largest country, lifting its rates on U.S. goods and vowing to "resolutely counterattack and fight to the end." China's finance ministry suggested the country wouldn't keep escalating tariffs as the current 125% levy means "no market acceptance for U.S. goods exported to China." The ministry added: "Even if the U.S. continues to impose higher tariffs, it will no longer make eco- nomic sense and will become a joke in the history of world economy...If the U.S. continues to play the tariff numbers game, China will ignore it. However, if the U.S. insists on continuing to substan- tially infringe on China's interests, China will resolutely counterattack and fight to the end." Barron’s (via Apple News) Accessed: 11 April 2025 at 1930 PST Full article at: https://www.barrons.com/articles/trump-tariffs-china-us-news-a18dd47b
The remarks open up the possibility of retaliation beyond tariff rates. Concerns are growing that currencies may become a bigger part of the U.S.-China trade war, potentially creating major rip- ples. The U.S. dollar has been sinking, with the dollar index down 4% since Trump's April 2 so-called reciprocal tariff announcement. TS Lombard Chief Economist Freya Beamish tells clients: "Go to your safe space." If that was U.S. Treasuries, she says to find a new spot like German bunds or gold. Though Beamish expects Trump to back down if the bond market screams again, any recovery in the dol- lar will be a massive selling opportunity and could mean a break in the post-1973 international monetary system. Barron’s (via Apple News) Accessed: 11 April 2025 at 1930 PST Full article at: https://www.barrons.com/articles/trump-tariffs-china-us-news-a18dd47b
Beamish has previously raised concerns that the dollar standard may not hold, though she notes that tariffs on their own haven't been enough to create this type of break. She is watching two things now: Efforts to "seriously tamper" with the Federal Reserve, which she views as happening already, and efforts to directly hinder capital inflows, which she says is gaining serious considera- tion. Talk of a so-called Mar-a-Lago Accord was initially seen as an unusual idea. The thinking is that the U.S. could push borrowers and trading partners to help weaken the dollar. That would both help U.S. exporters and efforts to bring manufacturing back home, as well as help lower the costs of its deficits by reducing borrowing costs. Barron’s (via Apple News) Accessed: 11 April 2025 at 1930 PST Full article at: https://www.barrons.com/articles/trump-tariffs-china-us-news-a18dd47b
#USA#finance#tariffs
Public
Glyn Moody

‘The damage is done’: #Trump’s #tariffs put the #dollar’s safe haven status in jeopardy - theguardian.com/business/2025/ "Experts say fears about unpredictable policy are creating crisis of confidence in US bonds once seen as ‘risk free’" work of decades undone in two days

The Guardian · ‘The damage is done’: Trump’s tariffs put the dollar’s safe haven status in jeopardyBy Richard Partington
Public
Miguel Afonso Caetano

"It’s a myth to think of the US as uniquely free from monetary and fiscal constraints. The US has special powers to issue debt and find willing purchasers, of course, but freedom to issue debt is not the same as freedom to spend. In 1978, the world’s central banks were prepared to abandon their dollar reserves if the US continued to pursue an inflationary politics, as it did under Carter. So in the supply-side view, the US as dollar hegemon is quite limited in the kinds of spending it can support. Off the table is anything that’s too redistributive or liberating—welfare, or investment in free education and health care—because these empower labor and the poor.

By contrast, spending on defense, police, and prisons was fine, as were so-called tax cuts, which are really tax expenditures. The supply siders proposed a budget that was extremely generous in subsidizing financial wealth holders—creating these government-subsidized markets for capital gains—and extremely austere in subsidizing wages or spending on the poor. I think this captures the real motives behind the business revolt of the 1970s. Despite appearances, supply siders weren’t screaming for less government; they were screaming for government to subsidize capital income on a new basis. Hence this shift from industrial profits to capital gains."

nplusonemag.com/online-only/on

n+1 · Against the People | Malcolm Harris and Melinda CooperThese conflicts tend to recur every ten years or so, with a different cast of characters, but always involving the idea that taxpayer money is being spent on a public institution that undermines the private authority of parents—abortion clinics, child care centers, public libraries, public schools.
#Neoliberalism#USA#PoliticalEconomy
Continued thread
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Nonilex

The main casualty in all this is the #US #dollar.

For 80 years, it's been the mainstay of the #financial system & the ultimate of safe havens, along w/ #Treasuries.

But w/investors now doubting the reliability of the #UnitedStates as a #trading partner & fears creeping in about the stability of the #bond market, the dollar is bearing the brunt.

#Trump #economy #inflation #recession #geopolitics #RevengePolitics
reuters.com/world/trump-tariff

Continued thread
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Nonilex

Global #stocks fell & the #dollar sank further on Friday, while a manic #bonds selloff took hold in a brutal end to the week of tit-for-tat worldwide #tariffs that have fed fears of a deep #recession & shaken investor confidence in #US assets.

The selloff in US #Treasuries picked up pace during Asian hours, with the 10-year note yield rising to 4.45%, gaining about 45 basis points in the week, the biggest increase since 2001, LSEG data showed.

#ETTTTS #trump #economy
reuters.com/markets/global-mar

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