Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump

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• jcr@jlai.lu ⁨2⁩ ⁨weeks⁩ ago

  Long article, but interesting in the end: quote “”“Economists critical of Trump’s April 2 tariff announcement recall another event, the Suez Crisis of 1956, that broke the back of the British pound. The military attack on Egypt was poorly planned and badly executed and exposed British political incompetence that sank trust in the country. The pound fell sharply, and its centuries-long position as the dominant trading and reserve currency crumbled.”“” I did not know about the british pound superiority after ww2, anyone ?

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