The Dollar’s Dilemma: Echoes Of A Plaza Past And An Uncertain Future – Analysis

By all appearances, a ghost from the 1980s is pacing the corridors of the White House once more. The phrase “Plaza Accord 2.0” is being quietly whispered, evoking memories of the 1985 deal that saw developed nations—most notably Japan—agree to manipulate exchange rates to arrest the dollar’s unsustainable ascent. Back...