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Analysts Predict US Dollar Trends Amid Biden Withdrawal and Trump Lead Will Unleash a Maelstrom of Fiscal Chaos That’ll Make Your Grandma’s 401k Invest in Beanie Babies Again

An illustration of an American flag with its stripes torn apart by two opposing winds labeled 'Trump' on one side and 'Biden' on the other; in the background, dollar signs are swirling around each other as they fall from above. A large Beanie Baby is seen floating near the top left corner while a 401k box at the bottom right has its contents spilling out into chaos. The flag's colors have faded to indicate decline and instability. In the center of the illustration lies an empty space with dollar signs scattered around it, symbolizing uncertainty in economic trends.

The US dollar is on shaky ground as President Biden’s withdrawal from re-election has sent shockwaves through financial markets. Analysts are predicting a further decline in the dollar against major currencies, with some even suggesting that Trump’s win could lead to a stronger greenback due to tax cuts and tariffs. But let’s be real here – who needs facts when you’ve got gut feelings? The truth is, no one really knows what will happen next except for maybe jstolfi (if he still writes about this stuff) or Jemima Kelly from the FT

Source: bitcoin.com

Analysts have commented on the U.S. dollar trend following President Joe Biden’s decision not to seek re-election, noting a slight decline in the dollar against a basket of currencies. Bank of America’s head of global foreign exchange research mentioned: “There is a growing consensus that the dollar will be stronger if Trump wins due to tax cuts and tariffs. However, it’s more complicated as Trump doesn’t want a strong dollar.” […]

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