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US dollar won’t stop sinking under Trump assault: report
['Adam Lynch']
Alternet.org
CBS News reports that unlike the luckier U.S. stock market, the U.S. dollar is “sinking fast.”“The value of the greenback just hit a four-year low … against a basket of six other major currencies,” reports CBS, citing info from the ICE U.S. Dollar Index.
The decline coincides with a host of destabilizing forces, including Trump’s latest tariff threats against any nation that dares to sell oil to Cuba.
It does not help that Trump, who is not an economist, actually wants the dollar devalued, allegedly to better compete with international economies with pit-deep currencies.
At a Jan. 27 Iowa appearance, Trump was asked if the dollar had plummeted too far, and responded: "No, I think it's great.
Meanwhile, CBS reports Trump’s tariff continue to deliver their own destruction.