"A drop in the value of the dollar against other major currencies — underway for the past year, with a new leg down in the last couple of weeks — is the market manifestation of a shifting economic landscape.

With strong economic growth and the AI boom, the stock market has remained robust. The prospect of additional Federal Reserve rate cuts has kept Treasury bond prices stable.

But on the currency markets, the dollar has been falling — with specific recent words and actions by the Trump administration, as well as a broader sense of the U.S. retrenching from its role in the world fueling the moves."

econ

"A drop in the value of the dollar against other major currencies — underway for the past year, with a new leg down in the last couple of weeks — is the market manifestation of a shifting economic landscape.

With strong economic growth and the AI boom, the stock market has remained robust. The prospect of additional Federal Reserve rate cuts has kept Treasury bond prices stable.
But on the currency markets, the dollar has been falling — with specific recent words and actions by the Trump administration, as well as a broader sense of the U.S. retrenching from its role in the world fueling the moves."