The Dolelr is still the most important reserve currency in the world but Trumps politics let more and more nations witch theirr eserves from Doller to Euro Russia alone transfered 100 billion $ into €. China and Brazil did the same. The amount of SWIFT transactions in $ sunk to 39,1% while the transactions in € did rise to 35%. https://www.focus.de/finanzen/boers...sorgt-fuer-comeback-des-euro_id_10823064.html
Thats a nice Scotland, Gibraltar and Northern Ireland that the UK got. Be a shame if they leave and join EU. Well, the UK has to choose now to either stay in EU or become a EU protectorate. Thanks to their PM May who basicly did evrything in her power to betray her own nation and negotiated so retarded, that the EU won.
Basicly it pushs USA back in financial matters. Your power to sanction Iran exist only on the fact that the energy is paid in $. Once that changes, USA is cut down
Sorry, but the PM is not allowed to unilaterally negate a vote. I sincerely hope that it comes down to another vote, and that sensible forces prevail this time.
Energy is paid in $ to whom? Iran? Iran isn’t even allowed to use USD. You need to understand the root of the reason why USD is widely used to understand that your claims are just wishful thinking.
First of all - I’m not a trumpster. I didn’t even vote for him. I just see no point in endless hysteria that dems are engaging in. Second - I wouldn’t be able to find Europe on the map? Considering that I was born in Ukraine and crossed Atlantic Ocean more times than I wanted to, I’ll be accurate to say that I probably have been around a lot more places than you ever will. So, you made two points and both of them are just plain wrong. Congrats, you are great at profiling!
if the value of the dollar drops, so does the value of our debt to those that loaned us the money but I understand the nation wanting diversity, not good for us, but I understand it, Trump is giving the world less confidence in our country Trump told the world American is not good for our word when he broke the Iran deal
Well, you broadcast your parochial world view, regardless of how many times you’ve been back and forth. And I have a Ukrainian friend who is a Trumpsters.
If the value of the dollar drops, the cost of capital (particularly money that has to be borrowed to pay for Trump’s rapidly skyrocketing deficits) rises.
I can't figure out whether you are a German nationalist or an anti-American. At the moment my money is on the latter.
There are way too many variables at play that you can’t comprehend. Drop in USD will result in lower cost of the debt repayment and will make American goods more attractive overseas.
It's the pound who took a dive, since 2016... when they had their referendum about the Brexit. And since that, the Euro has climbed a bit vs the buck.