"With strong economic growth and the AI boom, the stock market has remained robust. The prospect of additional Federal Reserve rate cuts has kept Treasury bond prices stable. But on the currency markets, the dollar has been falling - with specific recent words and actions by the Trump administration, as well as a broader sense of the U.S. retrenching from its role in the world fueling the moves."
"By the numbers: The U.S. dollar index, which tracks its value against six other major currencies, is down 3.2% since Jan. 16 and down 10.4% since Inauguration Day a year ago. Those are huge moves for the currency that is central to world trade and financial flows. Driving the news: On Tuesday, President Trump was asked whether he was concerned about the dollar's decline."
Strong economic growth and the AI boom have kept the stock market robust. Prospects of additional Federal Reserve rate cuts have kept Treasury bond prices stable. The U.S. dollar has been falling amid specific recent words and actions by the Trump administration and a broader sense of U.S. retrenching from its global role. The U.S. dollar index is down 3.2% since Jan. 16 and 10.4% since Inauguration Day. President Trump said he was not concerned about the dollar's decline and called it "great." Treasury Secretary Scott Bessent reiterated a strong dollar policy while urging proper fundamentals and denied Treasury intervention to strengthen the yen.
Read at Axios
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