Dollar Fears Are Flaring as Trump Rekindles Debasement Trade

To some in financial markets it’s known as the debasement trade. To others it’s selling, hedging or even “quiet quitting” America.

Whatever they call it, currency traders from Tokyo to New York started piling back in last week, unleashing a selloff that drove the US dollar into its deepest slide since President Donald Trump’s April trade-war salvos.