The dollars don’t.
Biibliography
1 Reuters. “Canadian Visitors Flee Maine Border Towns as US Tariffs Rise.” Reporting on the collapse of cross-border commerce in northern Maine and interviews with business owners and officials describing the loss of Canadian visitors amid tariffs and political hostility.
2 Reuters. “Dollar Under Fire Again as Investors Reassess Trump Policies.” Coverage of the U.S. dollar’s decline linked to tariff volatility, shutdown risk, and pressure on the Federal Reserve.
3 CBS News. “The U.S. Dollar Just Fell to Its Lowest Level in 4 Years. Here’s Why.” Analysis of the factors driving dollar weakness including fiscal uncertainty, policy signaling, and investor confidence.
4 Reuters. “Be Careful What You Wish for on a Weaker Dollar.” Reporting on Nordic pension funds reducing exposure to U.S. Treasuries due to concerns about U.S. policy unpredictability.
5 Reuters. “Foreign Demand for U.S. Treasuries Holds Off Bond Vigilantes.” Data on foreign ownership of U.S. government debt and the implications for borrowing costs and yields.
6 Reuters and Funds Society. “Gold Blasts Past Record Highs.” Coverage of record gold prices and increased demand for safe-haven assets amid currency and political risk.
7 Reuters. “The Best Dollar Debasement Trade Is to Do Nothing.” Strategy analysis discussing diversification into foreign currencies such as the Swiss franc during periods of dollar weakness.
8 Investopedia. “Dollar Hits 4-Year Low — How It Could Impact Your Wallet.” Consumer-focused explanation of how dollar depreciation affects prices, interest rates, savings, and household finances.
9 Council on Foreign Relations and Belfer Center for Science and International Affairs. Analyses of proposals to restructure foreign-held U.S. Treasuries and the potential risks to reserve-currency credibility.
10 Bank for International Settlements. Annual Economic Report 2025. Analysis of how policy credibility, fiscal signaling, and institutional independence affect exchange rates, inflation expectations, and term premia.