Trump’s Dollar ‘Yo-Yo’ Has Stock Investors Looking Overseas
Exporters will more readily find buyers, multinational companies will benefit from stronger overseas revenues. American assets become less attractive, slowing the flow of funds into US companies and driving money to international markets. The president insists he’s not worried about the dollar, no matter its latest slide — a comment that spooked forex traders and, eventually, led Treasury Secretary Scott Bessent to reiterate the long-standing policy that Washington favors a strong currency.
Exporters will more readily find buyers, multinational companies will benefit from stronger overseas revenues. American assets become less attractive, slowing the flow of funds into US companies and driving money to international markets. The president insists he’s not worried about the dollar, no matter its latest slide — a comment that spooked forex traders and, eventually, led Treasury Secretary Scott Bessent to reiterate the long-standing policy that Washington favors a strong currency.