Bank of Canada’s Macklem: Trump actions dent dollar’s safe haven appeal
NegativeFinancial Markets
Bank of Canada Governor Tiff Macklem has expressed concerns that recent actions by former President Donald Trump are undermining the U.S. dollar's status as a safe haven currency. This is significant because a decline in the dollar's appeal could lead to increased volatility in global markets and affect investor confidence. As the dollar has traditionally been viewed as a stable asset during times of uncertainty, any erosion of this perception could have far-reaching implications for both the U.S. economy and international financial systems.
— Curated by the World Pulse Now AI Editorial System