The US dollar is sinking like a rock

[AndreasHG]

The dollar continues its run to new lows. Just five months into the Trump II administration, the U.S. dollar has already lost against major foreign currencies as much as it lost in four years during the Trump I administration.

 

Fortunately for our American friends living in Thailand, the Thai baht is going through a bit of a weakness. That’s why the dollar’s depreciation against the Thai baht since the start of the Trump II administration is relatively small: just 5.1%.
But with 3.5 years left, Trump II is well on his way to achieving his MAPA (Make Americans Poor Again) goal, beating his remarkable first term feat, when the US dollar depreciated 16.8% against the Thai Baht.