The American dollar slice provokes the era of Nixon

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The dollar is moving at its worst performance during the first 100 days of the US presidency since Richard Nixon was at the White House, as Donald Trump imposes definitions and attempts to reshape global trade.

Trump’s commercial policy – aimed at renewing local industrialization, increasing the industrial base and improving national security –I pushedInvestors in assets outside the United States. This led to a weakness in Greenback and the lifting of other currencies alongside gold.

Meanwhile, the data this week showed that China relies on foreign demand and South Korean exports decreased to the United States this month. Government expectations indicated the German economy, which will fight for expansion this year.

United States and Canada

The dollar scale is on the right path for it The worst performance During the first 100 days of the American presidency in the data dating back to the Nixon era, when America abandoned the golden standard and turned into a floating exchange rate. The US dollar index lost about 9 % between January 20 – when Trump returned to the White House – and April 25, and placed it on the biggest loss during the end of the month since at least 1973.

The predictors believe that the American economy takes great success from Trump’s commercial policy. The economy has been appointed Expand 1.4 % in 2025, according to the last Bloomberg Economics Survey, compared to 2 % in a survey last month. The Mediterranean seeks now a 45 % chance of the recession in the next 12 months, an increase of 30 % in March.

The next Prime Minister in Canada is Appointment to heredity Economists predict half -year of flat economic growth, which is an immediate test of their rule, as President Donald Trump crushes and exports commercial investment war.

Asia

The strongest growth in China is expected in the masks of the first quarter a The main weaknessThe increasing dependence on foreign demand, which increases the threat of the most obvious economic strike with the high trade tensions. The strong contribution of trade also shows the fragility of the local economy as it faces pressure and demand for slow consumers and prolonged decline.

Prices of services between companies in Japan Stay Last month, it indicates continuous inflationary pressures before it begins to influence the US tariff, as the Bank of Japan is preparing to put the policy next week.

April Primary for South Korea Trade data It gave an early overview how the US policies have wandered on export -based economies. External shipments of the United States and China have shown 14.3 % and 3.4 %, respectively, while exports to the European Union and Taiwan were due.

Europe

Germany is likely to fail to generate minimal economic growth this year, according to the revised government expectations, a reminder of the size of the challenge facing the conservative advisor in Friedrich Mirz when he took office next month. gross domestic product It is possible that it will run after reducing the previous two years. Government economists have previously expected 0.3 % expanding this year.

European Car sales He returned to growth last month for the first time since December, with gains in the United Kingdom and strong demand for electric cars that compensate for the weakest in Germany and France. The demand in Italy and Spain was also strong.

Emerging markets

Kenya’s economy Appointment to transgress The International Monetary Fund said after the Birr value is reduced, that Ethiopia will become the largest in East Africa this year. The GDP of Kenya’s GDP estimates $ 132 billion in 2025, which is 117 billion dollars higher than Ethiopia.

Annual Brazil The acceleration of inflation To the highest level since mid -February 2023 in a coming report days after the central bank managers confirm, investors work narrow monetary policy.

world

International Monetary Fund It was cut sharply Her expectations for global growth this year, and the following time, a warning of expectations can deteriorate more because US President Donald Trump’s tariff raises a global trade war. The International Monetary Fund reduced its projection of the growth of global product this year to 2.8 %, which will be the slowest expansion of GDP since 2020. It will also be the second number in 2009.

California Governor Gavin New Roosom boasted that his mandate became The fourth largest economy in the worldAfter the United States, China and Germany only in the world rankings. In a statement, New Nooring said, referring to the initial state data from the US Economic Analysis Office.

Central banks in Indonesiaand Paraguayand Russia And Uzbekistan all kept interest rates without changing this week.

This story was originally shown on Fortune.com



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