Devaluation (Continued)

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Macroeconomics · Inflation · Trade · Political Power · economy

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.

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