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The core logic behind the recent sell-off of dollar Assets: Trump is pressuring Powell.
Investors are closely evaluating whether Trump can truly fire Powell. Macquarie states that the latest catalyst for the dollar sell-off may be the pressure Powell is facing. However, the reality is that the dollar sell-off does not need further excuses. The events that have occurred over the past three months are enough to prove the persistence of the dollar sell-off, which may continue for several more months.
Over 1,200 top economists have signed the "Anti-Tariff Declaration," including Nobel Prize winners and former presidential advisors!
① A total of 24 economists, including two Nobel Prize winners and former presidential advisors, jointly issued an "anti-tariff declaration," criticizing Trump's tariff policy for potentially leading to a "self-inflicted recession"; ② As of the time of this report, over 1,200 economists have signed in support of the declaration, warning that it is urgent to revoke the trade policies of the Trump administration.
Rumors of the "USA-Japan Agreement" are rampant, and the US market "falls without an agreement"?
The long Easter weekend in the USA has come to an end, but there was no news regarding the trade agreement that the market priced in last week, creating a "no news is bad news" market environment. As the market eagerly awaits a deal to boost morale, there are reports that Besant is about to announce what is likely to be an important trade agreement with Japan.
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