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Thursday, April 25, 2024

Mainstream Media Joke of the Week: “Trump Tanked the US Dollar”

Courtesy of Mish.

Last Wednesday, president Trump commented, “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me.”

Numerous mainstream media reports were was all over Trump’s statement, attributing major moves in the US dollar to Trump’s statement.

Now that the dust has settled, let’s recap some headlines and look at what really happened on Wednesday, April 12.

April 12 Headlines

US Dollar Index 

The US dollar fell from 100.71 to 100.46. That’s a 0.25% move. Allegedly that constitutes “tank” and “sharply lower”.

April 16 US Dollar Index Update

Watching the futures, the index is now at 100.30 as of 8:11 PM central.


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