You are here
Dollar drops as Korea talks fuel bets Trump wants weaker currency
By Daedo Kim and Jaehyun Eom
Bloomberg News
Wednesday, May 14, 2025
The dollar erased this week's gains on fresh speculation President Donald Trump favors a weaker greenback and will prod other governments to let their currencies rise in return for trade deals with the U.S.
The U.S. currency extended an earlier decline today after a Bloomberg News report that South Korea and U.S. officials discussed exchange rate policies at a May 5 meeting in Milan and will continue to do so.
... Dispatch continues below ...
.... ADVERTISEMENT ....
North Peak Resources Appoints Harry Dobson
as Executive Chairman and Director
Company Announcement
Monday, May 12, 2025
North Peak Resources Ltd. (TSX Venture: NPR) announces that Harry Dobson has joined North Peak, being appointed to the Board of Directors and as executive chairman of the company. Mike Sutton has stepped down from the Board of Directors but will continue as a technical adviser to the company.
"Harry is a founding shareholder of North Peak, and the company will benefit greatly from his extensive insight and experience in strategically financing and building mining assets into world-class deposits," said CEO Rupert Williams. "We welcome him to the board and as executive chairman and look forward to benefiting from his guidance as we continue to explore at Prospect Mountain in Nevada." ...
... For the remainder of the announcement:
The won rose nearly 2% and the Japanese yen also climbed, helping to push the Bloomberg Dollar Spot Index down for a second day after it rallied on Monday following the announcement of a temporary truce in the US-China trade war.
Trump and other administration officials have long argued weakness in Asian currencies versus the dollar hand an unfair advantage to the region's exporters over U.S. rivals, prompting markets to bet foreign governments will need to allow or even encourage strength in their exchange rates if they are to prove successful when trade talks kick off with the U.S. ...
... For the remainder of the report:
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
