“President Trump has launched an unprecedented challenge to a geopolitical order that has prevailed for decades. One potential victim: the U.S. dollar,” the Wall Street Journal reports.
“In just weeks, a steep increase in tariffs and uncertainty over trade have sparked fears that U.S. growth will slow. At the same time, major shifts in U.S. foreign policy have led to a surge in optimism about the European economy—driving the dollar down sharply against the euro, sending stocks in Europe to records and spurring the biggest jump in German bond yields since just after the fall of the Berlin Wall.”
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