The Dollar May Be Down, but It’s Still on Top

Donald Trump

Last year, the United States appeared to be consolidating its pole position as a haven for international investment. The U.S. economy’s remarkable strength relative to other major economies helped account for a nearly ten percent surge in the dollar’s value in the fall of 2024. The economy and labor market continued to perform well leading up to and following Donald Trump’s inauguration. And inflation was gradually falling back toward the Federal Reserve’s target of about two percent. But since

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The Dollar May Be Down, but It’s Still on Top https://www.foreignaffairs.com - 23.05.2025 07:24

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The Dollar May Be Down, but It’s Still on Top https://www.foreignaffairs.com - 23.05.2025 07:24