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Trump’s Embrace of Weaker Dollar Gives China an Opening

Trump’s nomination of Kevin Warsh and preference for lower interest rates contributed to the dollar hitting a four-year low amid concerns about U.S. economic stewardship.

Summary by Bloomberg
The US president’s stance toward the greenback may help Xi Jinping realize his dream of making the yuan a global reserve currency.

4 Articles

US President Donald Trump is pushing for a devaluation of the dollar to boost his country's competitiveness. (Photo: AP). With Donald Trump promoting a strategy of lower interest rates and fiscal expansion, emerging market currencies are appreciating. Precious metals are also benefiting. Since taking office, Donald Trump has asked the Federal Reserve (Fed) to lower interest rates to stimulate the economy. The Fed made three cuts last year, and m…

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The New Yorker broke the news in New York, United States on Monday, February 2, 2026.
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