Dollar collapses in one week of Trump in office

[Naheed Janjua]

Investors’ hopes for a fiscal boost to the world’s largest economy under Trump have been tempered by controversial and protectionist policies that have seen him suspend travel to the United States from seven Muslim-majority countries.

The U.S. dollar headed for its worst start to a year in over a decade on Tuesday, while world stocks cemented their biggest losses in six weeks after widespread protests against President Donald Trump’s stringent curbs on travel to the United States.

read more: Dollar collapses in one week of Trump in office

 

[maximuswarrior]

Now, just for a moment imagine if major Arab contributors also took away their wealth and investments from the US...

 

[angel light]

It's going to get worse if he takes on china and they sell us assets

 

[schoolboy]

The effect is debatable. A weak Dollar is something American exporters - and Trump - have been wanting.

The strengthening of the Dollar in the last 7-10 months has actually hurt American exporters. The weakening of the dollar in itself should not be a cause for concern in the US - and stock markets are at an all time high - so investor confidence is certainly on the rise.

 

[Tshering22]

Now, just for a moment imagine if major Arab contributors also took away their wealth and investments from the US...

US is a powerful innovation-based economy. It is unlikely that anyone in their right minds would withdraw whatever investments they've made.

Also if you see his list of countries banned, none of the countries belong to the Gulf region.

So their foreign investments are safe. What's more, Kuwait and UAE have actually supported the ban.