Greenland pivot
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Why the dollar just had its worst week in 8 months despite Trump's pivot on tariffs
MarketWatch· 2026-01-23 21:51
Core Insights - Stocks and Treasurys experienced a partial recovery following President Trump's comments regarding Greenland, indicating a potential shift in market sentiment [1] - The U.S. dollar faced challenges, recording its worst weekly performance in eight months, suggesting a weakening in its relative strength against other currencies [1] Market Reactions - The recovery in stocks and Treasurys may reflect investor optimism or a response to geopolitical developments, particularly those involving the U.S. administration [1] - The significant decline in the dollar's value could impact international trade and investment flows, as a weaker dollar generally makes U.S. exports cheaper and imports more expensive [1]