The Economist: Trump’s policies could send the US dollar soaring, rattling rest of the world
The U.S. dollar, ever powerful in global finance, remains "America's currency, but the world's problem." With Donald Trump's election signalling potential tax cuts, deregulation, and higher government borrowing, the dollar is likely to surge. This scenario spells trouble worldwide as rising U.S. interest rates attract capital, weakening other economies. A stronger dollar inflates debt costs for countries borrowing in dollars, threatens trade flows, and creates a tighter financial environment globally.
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From The Economist, published under licence. The original article can be found on www.economist.com
© 2024 The Economist Newspaper Limited. All rights reserved.
The Economist
America's strengthening dollar will rattle the rest of the world. Donald Trump's policies could send the greenback soaring
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