Courtesy of: Visual Capitalist
Rhetoric has already had an impact on currencies in a big way
Targeting companies or entire nations on Twitter is an unprecedented and controversial method of communication for a President-elect – but one can’t argue with its effectiveness so far.
In today’s chart, we take a look at Donald Trump’s rather unconventional form of “monetary policy”, and how it has potentially influenced the U.S. dollar and five other major currencies since his election in November.
Ready, Aim, Tweet
A preview of President-elect Trump’s “America First” directive can already be seen on Twitter.
Trump’s infamous account, which is followed by 18.8 million people, is being used every day to highlight the potential winners and losers of future policies.
And markets are listening.
| Currency | % Change (vs. USD) |
|---|---|
| Russian Ruble | 7.7% |
| Canadian Dollar | 0.4% |
| Chinese Yuan | -1.5% |
| Euro | -5.0% |
| Mexican Peso | -13.4% |
The above table shows change in the value of foreign currencies ag
