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Next up for markets: A crisis of confidence in the dollar
By Dhara Ranasinghe, Alun John, and Gertrude Chavez-Dreyfuss
Reuters
Friday, April 4, 2025
LONDON -- In times of market panic investors tend to rush to the safety of the dollar, but when stocks swooned in response to U.S. tariffs this week, they ran away from it. Investors say it's a sign that the greenback's global standing may be eroding.
The dollar, for decades a safe haven, on Thursday fell about 1.7% in its biggest daily drop since November 2022 after President Donald Trump imposed tariffs on imports at levels not seen since the early 1900s. Stock markets also tanked, as tariffs ignited recession worries.
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In interviews and published markets commentaries, many investors and analysts pointed to the Trump administration for the anomaly. Its protectionist policies, upending of the global economic order in place since World War II, and a growing U.S. debt pile have been chipping away at the dollar's appeal, they say.
Left unchecked, a crisis of confidence in the dollar could also undermine its position as the world's reserve currency, they added. ...
... For the remainder of the report:
https://www.reuters.com/markets/wealth/next-up-markets-crisis-confidence-dollar-2025-04-04/
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