4 ms·

The BRL or CNY is probably one of the most apt comparison given the BRICKS alliance. That's where you are seeing the roughly 10% swing since Jan. (if you go b

The BRL or CNY is probably one of the most apt comparison given the BRICKS alliance. That's where you are seeing the roughly 10% swing since Jan. (if you go back to last Oct the swing is less pronounced. IDK exactly what was happening last Oct, but there appears to have been an upswing in dollar value from Oct to Jan and a steady decrease of the dollar value since.)

mgh95 1y ago
In October of last year, people were betting on Trumps election leading to tariffs leading to a stronger dollar. This trend continued post-election pre-inaguration. Since the tariffs did not materialize to the level expected, the dollar weakened to its levels prior to his election.
- epistasis 1y ago
  Your explanation makes no sense. First, nobody thought that Trump would actually go through with the tariffs because it's an insane plan and that wiser people in the administration would restrain Trump. So the dollar started to devalue when people realized that "holy shit these tariffs might actually happen." The tariffs are way way bigger than anybody expected. The entire goal of the tariffs were to weaken the dollar: > The Mar-a-Lago Accord is a proposed economic and trade initiative of the Donald Trump administration during his second term. Named after Trump's Mar-a-Lago estate in Florida, the Accord is a blueprint for restructuring global trade and monetary relations. Its core goal is to devalue the dollar while preserving its role as the world reserve currency, a careful balancing act intended to avoid the contradictions described in the Triffin paradox. https://en.wikipedia.org/wiki/Mar-a-Lago_Accord https://en.wikipedia.org/wiki/Mar-a-Lago_Accord
  - mgh95 1y ago
    No, ordinarily tariffs result in currency appreciation (see https://www.wto.org/english/blogs_e/ce_ralph_ossa_e/blog_ro_11apr25_e.htm https://www.wto.org/english/blogs_e/ce_ralph_ossa_e/blog_ro_... for an accessible discussion). But yes: weaking the dollar was the goal, but the US did not achieve that to the degree of something like the Plaza accords.
  - watwut 1y ago
    > would actually go through with the tariffs because it's an insane plan and that wiser people in the administration would restrain Trump. What is insane is to assume republicans picked by Trump will restrain Trump. The adults in the room theory was disproven long before that election. Trump 1.0 had tarriffs. Trump talked abput tarrifs. People in fact assumed Trump will do tarriffs, they just slightly underestimated how bad the trade war will be.
    - Slava_Propanei 1y ago
      [dead]
seanmcdirmid 1y ago
RMB is CNY and listed.

mgh95 1y ago

In October of last year, people were betting on Trumps election leading to tariffs leading to a stronger dollar. This trend continued post-election pre-inaguration. Since the tariffs did not materialize to the level expected, the dollar weakened to its levels prior to his election.

epistasis 1y ago
Your explanation makes no sense. First, nobody thought that Trump would actually go through with the tariffs because it's an insane plan and that wiser people in the administration would restrain Trump. So the dollar started to devalue when people realized that "holy shit these tariffs might actually happen." The tariffs are way way bigger than anybody expected. The entire goal of the tariffs were to weaken the dollar: > The Mar-a-Lago Accord is a proposed economic and trade initiative of the Donald Trump administration during his second term. Named after Trump's Mar-a-Lago estate in Florida, the Accord is a blueprint for restructuring global trade and monetary relations. Its core goal is to devalue the dollar while preserving its role as the world reserve currency, a careful balancing act intended to avoid the contradictions described in the Triffin paradox. https://en.wikipedia.org/wiki/Mar-a-Lago_Accord https://en.wikipedia.org/wiki/Mar-a-Lago_Accord
- mgh95 1y ago
  No, ordinarily tariffs result in currency appreciation (see https://www.wto.org/english/blogs_e/ce_ralph_ossa_e/blog_ro_11apr25_e.htm https://www.wto.org/english/blogs_e/ce_ralph_ossa_e/blog_ro_... for an accessible discussion). But yes: weaking the dollar was the goal, but the US did not achieve that to the degree of something like the Plaza accords.
- watwut 1y ago
  > would actually go through with the tariffs because it's an insane plan and that wiser people in the administration would restrain Trump. What is insane is to assume republicans picked by Trump will restrain Trump. The adults in the room theory was disproven long before that election. Trump 1.0 had tarriffs. Trump talked abput tarrifs. People in fact assumed Trump will do tarriffs, they just slightly underestimated how bad the trade war will be.
  - Slava_Propanei 1y ago
    [dead]

seanmcdirmid 1y ago

RMB is CNY and listed.