Hacker News new | ask | show | jobs
by iso1631 34 days ago
That graph shows the dollar started dropping in Jan 2025
1 comments

Right, it started dropping when the current administration was inaugurated, directly because of the party's promise to enact immediate tariffs. And it continued to drop sharply leading up to and through the tariff announcement.

I'm not trying to say anything spicy here. You can argue whether a strong currency is good or bad. But it would be silly not to acknowledge the cause. It was one of the largest global financial shocks in recent years.

Trying to square that with your statement

> The dollar's global value has also weakened noticeably since (checks notes) April 2, 2025

Sorry if I wasn't as specific as possible:

> The dollar's global value has also weakened noticeably since (checks notes) the global financial world reordering that happened in early 2025, which in finance circles is often referred to collectively by the shorthand 'Liberation Day', i.e. April 2nd, 2025, during which the US currency became significantly weaker relative to other major currencies, a situation which persists until the present moment