No Data
Why I'd Consider These 5 Essential Canadian Dividend Stocks for a Robust Income Portfolio
Top TSX Dividend Stocks Including Royal Bank of Canada
RBC BlueBay starts to short the dollar, citing a lack of investor confidence.
The BlueBay Asset Management Company, a subsidiary of the Royal Bank of Canada, has established a short position in US dollars, betting on the end of American exceptionalism—due to the trade war initiated by President Trump potentially undermining the trust and credibility that the dollar has built over decades. As market concerns grow that Trump's tariff policies will impact the economy, household incomes, and financial markets, along with investors withdrawing from US stocks, the dollar continues to decline, and its position as the cornerstone of the Global financial system is being questioned. Since April, the index of Exchange Rates of the dollar against six major currencies has dropped by 4%, potentially marking the worst single-month performance since 2022. BlueBay Fixed Income.
Canadian Stock Movers for Thursday | Bausch Health Companies Inc Was the Top Gainer; Cannabis Led Gains
Wall Street: Trump's tariffs weaken the dollar's Global status, and the damage may be difficult to reverse.
Due to renewed market concerns over trade tensions, the USD saw a significant drop on the 16th. The USD index, which measures the dollar against six major currencies, fell by 0.83% that day, closing at 99.385 in the forex market. Monex USA, a forex brokerage firm, stated on the morning of the 16th that the dollar declined as trade tensions raised concerns. The euro continues to benefit from the difficulties in the US economy. Regarding the future trend of the dollar, some viewpoints on Wall Street suggest that President Donald Trump's aggressive approach to implementing his tariff agenda could have lasting effects on the US market. Specifically, the dollar is seen as a reliable 'safe haven.'
Where to Invest Your $7K TFSA Contribution for Maximum Growth Potential
