www.bloomberg.com
Goldman Sachs strategist Kamakshya Trivedi predicts the U.S. dollar will decline due to new Trump administration tariffs targeting eight countries opposing U.S. plans to acquire Greenland. Trivedi expects the Swiss franc to be the primary beneficiary of this instability, calling it the “safe haven of choice.” While newsworthy, the premise of the U.S. acquiring Greenland is a satirical fabrication from a 2019 Onion article that recently resurfaced. Real-world tariffs typically strengthen the dollar; this scenario uses a fake news hook to reverse market logic for comedic effect.
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