US currency has lost all the gains it enjoyed since Trump won election and hits lowest level since mid-October

“The European single currency rose by a cent to $1.093, breaching the $1.09 barrier for the first time since Donald Trump won the presidential race. Sterling hit $1.295, its highest since 8 November.” (…)

“The “Trump trade” that sent the dollar soaring after his victory has unwound, as the imposition of US tariffs against Canada, Mexico and China and the threat of levies against European trading partners have triggered fears of an American recession.”

  • Tattorack@lemmy.worldEnglish
    31·
    1 day ago

    Been in Reddit a moment ago. Someone asked on AskReddit about this to conservatives.

    Sorting by contraversial, because that’s where the real answers are, I found two general responses:

    • I didn’t vote for Trump because money. I voted for him to stop wokeness.
    • Trump only just started fixing the mess. This is all part of the plan and we’ll come out on top.

    (By “mess” it seems they mean “everything Biden did” and “everything that existed before Trump’s first term”)