You're spot on about it being intentional by the administration. They want to bring the dollar lower. Bessent has said it consistently over the past few years. Many smart portfolio managers loaded up in Latin America because they saw it coming. $ABEV is a good example in Brazil.
I agree. And, there will be capital flight from investors and governments holding US treasuries that can work the other side of the equation. All sides want a lower US dollar whether they are working together or not
You're spot on about it being intentional by the administration. They want to bring the dollar lower. Bessent has said it consistently over the past few years. Many smart portfolio managers loaded up in Latin America because they saw it coming. $ABEV is a good example in Brazil.
I agree. And, there will be capital flight from investors and governments holding US treasuries that can work the other side of the equation. All sides want a lower US dollar whether they are working together or not