SELL AMERICA - Úc hưởng sái
The Australian dollar is (oddly) rising – what does ‘sell America’ sentiment have to do with it?
"....
The “sell America” sentiment has gained momentum in recent weeks due to the Greenland tariff dispute, the US government’s attack on the independence of the Federal Reserve and enduring concerns over government debt levels.
Against that backdrop the Australian dollar has prospered.
AMP’s head of investment strategy and chief economist, Shane Oliver, says in a “normal crisis” the US dollar would go up due to being a traditional safe haven.
“The difference is that this period of uncertainty was at its core seen as negative for the US,” says Oliver.
“Each time Trump does one of these erratic things, starting with the tariffs last year, attack on the Fed, attack on universities, attack on immigrants, attack on the rule of law and attack on global institutions, US exceptionalism is eroded and investors demand a risk premium to invest in the US.
“This puts downward pressure on the US dollar.”
..."
/*src.: https://www.theguardian.com/business...rica-sentiment
