The declining dollar faces more opposite winds after spreading the worst return in the first half in 52 years

Of course, the dollar chip was not poisoned.

With more than 40 % of the revenue for the S& P 500 companies coming from international sales, the dollar is the weakest dollar in making American exports cheaper, an important point that must be taken into account in the ongoing trade war.

However, this step coincided with the growing gossip around the potential end of the American exceptional and dominant in dollars, where the public share of American debt is approaching 30 trillion dollars and 2025 deficit on the right track for nearly $ 2 trillion. If American origins such as Green Pak and Treasury debts are lost on the world stage, they may have strong repercussions on risk origins such as stocks.

The global central banks, on the one hand, intensify their golden purchases to 24 monthly tons, for each World Gold Council, as an alternative to American assets. Gold had the best run in the first half since 1979.

“We believe that central banks buy gold to diversify reserves, reduce dependence on (the dollar), hedging against inflation and economic certainty,” Lucon Winer, a research analyst at Bank of America said in a note. “A direction we believe is scheduled to continue, especially amid the uncertainty surrounding the definitions and the concerns of the financial deficit,” Winader said.

Likewise, Ts Lombard maintains a short position on Greenback, which is called “the gift that continues to give”.

“Trump’s attacks on the Federal Reserve and the desire of explicit management of the dollar’s confidence adds only to this view,” wrote Daniel von Ahnan, the major macro strategies in the company. “The dollar is still exaggerated on most FX standards … with dollar negatives everywhere everywhere, why do you not expect the dollar to become less than its value? We are short firmly with a set of trading in our book.”

The federal reserve can also exercise more downward pressure by reaching the expected discounts at the back of the year. However, the effect of federal reserve mitigation can be difficult for the disabled, taking into account that the cabinet and cabinet revenues rose sharply when the last reduction of the central bank in 2024.

Certainly, the constant decline in the dollar is not in any way, and others in Wall Street believe that the trend can be reflected.

Thomas Matthews, head of the Asia and Pacific Markets of the Capital Economics, said the last gathering in stocks indicates the increasing comfort with American assets, with the weakness of the previous dollar, perhaps just a product for the intended estimate of other currencies in addition to a switch in hedge strategies.

Wales Vargo also believes that the dollar concerns are exaggerated.

“A statistical approach to analyzing the role of the US dollar, it is clear to us that Greenback is still global trade and financing lines, and is far from becoming unrelated,” wrote Jennifer Timmerman, a locality of the investment strategy in Wales Fargo. “We believe that the US dollar takes advantage of the deep-rooted advantages (such as the rule of law, transparency, and a very liquid financial market) that makes the global transformation out of the dollar very difficult and slow-especially due to the basic weaknesses in the most obvious alternatives to the dollar.”

Treasury Secretary, Scott Payet, also, and told CNBC on Monday that currency fluctuations are “not external.”

However, the high return on the cabinet debt also indicates that concerns about the dollar and other American assets remain.

Hogan, strategic expert B. said. “But basically, you can definitely take out a lot of things you will feel.”