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0 -0.000598217940241169 0.00129089134473086 0.00185762413022252 0.00229841629671616 0.00330594124870127 0.00590346651553792 0.00440792166493491
Stock impact report

Canadian dollar climbs as one analyst speculates Trump is 'engineering' greenback's decline [Yahoo! Finance Canada]

Corpay, Inc. (CPAY) 
one currency expert to wonder if the United States administration is looking to devalue the greenback on purpose. “There are good reasons to suspect that the Trump administration is deliberately engineering a decline in the dollar's value on foreign exchange markets ,” Karl Schamotta, chief market strategist at Corpay Inc., said in a note on Tuesday. “ Policy actions over the last year have not been consistent with making the greenback great again.” Prior to taking office last year, President Donald Trump, J.D. Vance, Scott Bessent and others indicated that a strong U.S. currency wasn't good for business. Schamotta said the noise around the “debasement trade” — the devaluing of the U.S. dollar — has risen to cacophonous levels, however the technical signs to back up the trade are absent. For example, U.S. Treasury yields and inflation expectations are “stable” and capital continues to flow into U.S. denominated assets, he said, adding the U.S. dollar entered 2026?overvalued.” Show less Read more
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