Buzz of a 1980s-Style Plaza Accord
Through this 1985 agreement, major nations drove currency down
The dollar’s skyrocketing rise has some contemplating a rare, if not unthinkable, action: major nations agreeing to manipulate the US currency until it falls.
Through that agreement, France, Japan, the UK, US and West Germany agreed to weaken the dollar -- a stance taken out of a belief that the dollar’s huge move higher was damaging the global economy.
Plaza Accord
https://englundmacro.blogspot.com/2021/04/us-trade-deficit-which-has-returned-to.html
Donald Trump briefly owned the Plaza--hence his cameo appearance giving directions to Macaulay Culkin in Home Alone 2:
Lost in New York set in--where else--the New York Plaza.
John Connally, when Treasury secretary in President Richard Nixon’s cabinet, famously told his European counterparts in 1971 that the dollar “is our currency but your problem”
https://englundmacro.blogspot.com/2021/06/powells-dollar-chinas-problem-and.html
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