USD US Dollar 5-Minute Chart; Dollar Collapses After Donnie Trump Says He Is in Favor of a Weaker Dollar Policy

King Donnie causes disruption in the currency markets this time. Trump says he is okay with a weaker dollar spitting on the decades-long strong dollar policy touted by the US. Oh my. Whenever a president or treasury secretary was asked about the dollar, it was always a strong dollar policy. Not anymore. Paging Larry Kudlow. He is over at Fox Business these days. No one has touted the stronger dollar policy more than him, he calls it 'King Dollar', while also cheerleading the president, so it looks like Larry will abandon his economic beliefs for the sake of the president?

Donnie wants a weaker dollar to boost exports and the manufacturing sector that has been in recession for two years plus. You do not want an orange mouth, however, shooting off comments that have immediate and serious ramifications on global markets and stability. 

Trump is a wrecking ball. He is playing with fire now purposely trying to drive the US dollar lower. This rhetoric is driving gold and silver to the moon. Is the Trump family grifting off the moves? Hey Donnie Junior and Eric, I'm going to make comments on the dollar this afternoon. Okay, dad, we're on it. Like taking candy from a baby; crony capitalism.

You can see the immediate impact of Donnie's comments last evening around 4 PM EST, the greenback collapses from 96.25 to 95.55 a big move for Forex in a couple minutes. It is a 4-year low in the mighty dollar going back to early 2022. Calmer heads prevailed realizing it is just the orange head saying more stupid stuff, as usual, so he could get his puss on camera another day and create content for his daily presidential reality television show.

It is fascinating watching the final throes of America's corrupt crony capitalism system. The dollar stabilizes and is moving through the blue sideways channel. If the buck falls through the lower blue line, Trumpski did some damage to the dollar and he risks instability in global currency, stock and bond markets.  This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 9:33 AM EST: As everyone waits for Pope Powell to bring the tablets down from On High and tell global traders how to trade, the USD is at 96.25.

Note Added 4:56 PM EST: As would be expected, Treasury Secretary Bessent makes the rounds this morning at the business media outlets doing clean-up in aisle four for his orange-headed boss. The treasury secretary proclaims that the US strong dollar policy remains. The greenback pops to 96.79 today and is now at 96.37.