Market swings caused by Trump’s levies may be ‘tipping point’ for foreign investors, Congressional Budget Office chief says
The really big risks to the dollar remain US geopolitical and policy errors
Big institutional money managers said to trim US exposure on concerns over policymaking
Traders uncertain about what local companies will do with trillions of dollars of US assets
Unless their use is defined under law, and accounting rules, they will remain a poor medium of exchange
GLWT
The $2.5tn Jenmageddon
Greater internationalisation of the euro requires a more resilient financial system for the region
The US president’s trade policies are a ‘catalyst’ for the greenback’s fall
A correction in overvalued US stocks might explain some of the currency’s decline
In markets and politics, it will be more short-termist, less resilient and much more reliant on the kindness of strangers
Bank announces $3bn share buyback programme that will begin next month
Whatever happens with Trump’s tariffs, investors need to prepare for a new market paradigm
And bad hard data arrives
Demand for US assets cannot keep up with supply without a weaker currency
S&P 500 index rebounds after fall on Monday
UK-listed Argentex warns that falling greenback has resulted in margin calls hitting its liquidity
Currency sell-off intensifies after president steps up criticism of central bank head for not cutting rates
Withdrawal would undermine US international prestige and the privileged role of its financial institutions
Donald Trump’s trade war is forcing investors to confront the possibility that the dominance of the US currency might fade — or even end
The world’s reserve currency gets a sharp shock
And lessons from ‘73
Erratic policymaking and rising trade barriers are jeopardising confidence in the currency
But only now are asset managers beginning to reconsider the story of America as an inexhaustible well of safe bets
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