What will the global economy look like if it loses its monetary anchor?
While equities soar, the US dollar plunges
New Taiwan dollar makes biggest single-day gain since rapid appreciation in early May
And the big, beautiful bill
Donald Trump’s trade policies and rising debt levels have sparked decline of more than 10% in first half of 2025
FT-Booth survey reveals broad concern over president’s measures and criticism of central bank
US dollar fell after report that Donald Trump could name nominee to succeed Jay Powell as soon as this summer
Keep an eye on the yen and other areas of consensus as temperatures rise
History warns that the greenback may one day be superseded as the global trade currency
Geopolitical risks and worries about status of the greenback likely to drive further demand for bullion, survey shows
Officials outside the US worry about what will happen when Jay Powell leaves the Fed
US currency falls sharply after president says he will set new levies on trading partners in next 2 weeks
Hedging against falls in the dollar has not been a prime concern but Trump 2.0 is changing the mood
Bullion second only to US dollar in 2024 after record central bank purchases
And Trump is no Truss
Treasuries under pressure following warnings on American debt load
Investors’ concerns about US policymaking and Fed independence weigh on greenback and bonds
The US needs to preserve the virtues for which its currency has historically stood
Currency down 2% over the five days amid concerns over impact of Trump’s tax-cutting bill
Worries about trade wars and a rising debt load have shaken faith in the Treasury market
Libertarian leader wants $270bn in hidden dollar savings to help phase out peso
A scary moment could require a new framework
The difficulty is that, however unsatisfactory the hegemon might be, the alternatives look worse
Yields on 30-year US Treasuries hit highest level since 2023 on debt concerns
Moderate inflation and tariffs seem to lift markets
