Trumping the Dollar
It is still too early to know for sure why the value of the dollar has declined in recent months. But if the Trump administration does indeed pursue a deliberate policy of isolationism, foreign-exchange markets' increasing risk premia on the dollar will have been justified.
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LONDON – One of the more fascinating developments in the seven months since US President Donald Trump was elected has been the trajectory of the US dollar, relative to other major currencies. After soaring in the wake of Trump’s victory, the dollar’s value began to slide in April.