What's up, my crypto people! 👋 Here’s your buddy, ready to spill the tea on what's happening with the dollar. We've always seen it as the king, the one that rules the global economy, right? Well, hold on, because some experts are saying that its reign could be in danger, and the thing is that none other than Donald Trump could be the culprit! What a mess!
Look, for years, the dollar has been like the fighting rooster, the invincible one. But now, a Bloomberg report that’s making waves says that Trump's unpredictable temperament and his way of handling politics are scaring investors away like flies. 🦟 It's as if the guy releases every statement that makes the dollar dizzy and lose strength. Can you imagine!
Since Trump took the presidential seat, the dollar has fallen across the board against the euro, the pound, and even the Swiss franc. It's a double-digit beating! 🥊 The last time the greenback suffered this much was in 2010, when the Federal Reserve had to print money like crazy to save the banks after the 2008 crisis. But now, the situation is different, and the blame lies with the political moves!
What are those issues that are putting the dollar in check? 🤔 Here’s the breakdown, so you can be on your toes:
First, the tariffs and trade disputes that Trump has stirred up with other countries. That has America's trading partners on edge! 😠 Imagine if suddenly your best customers get angry, how will the business fare? Well, that's how the dollar feels that trouble.
Second, the tax cuts they implemented. Although it sounds great to some, this has caused the deficit and the country’s debt to rocket. 🚀 And the curious thing is that Trump always said he would put an end to excessive spending. What a paradox! More debt, less confidence in the currency.
And third, and perhaps the most delicate, is the blatant pressure Trump has put on the Federal Reserve to lower interest rates. This is super delicate! The independence of the central bank is key for decisions to be made based on data and not political whims. When the president tries to manage the bank, capital runs away! 🏃♂️💨
What bothers experts the most is that, although the Trump administration talks about a strong dollar, they are doing almost nothing to stop this decline. It's as if they don't care that the king of currencies is losing its throne.
So, my people, things are heating up and the dominance of the dollar is on a tightrope. We need to stay super alert to see if the greenback manages to regain its shine or if Trump's political agenda brings it crashing down. Stay informed!$BTC $FTM $FTT
