Market analyst Jeremy Boulton stated that traders are selling the dollar, but not the US itself; US Treasuries remain stable, while the stock market has surged to record highs. The stability of the bond market indicates that the market has little, or no, substantial concern about the economy. From this perspective, a weaker dollar is good news for the Trump administration, stimulating the US economy, supporting the stock market, and lowering export prices amid the trade war. The dollar has only given back a small portion of the gains accumulated between 2011 and January 2025 (the beginning of the trade war). The market's willingness to sell the dollar helps alleviate the problems caused by its previous strength. That round of appreciation was excessive, technically overbought, and contributed to a significant widening of the current account deficit. In the first three quarters of 2025, the US current account deficit narrowed from $450 billion to $226 billion. If the dollar weakens further, the deficit may continue to shrink. Overall, although the dollar has given back some of its strength, it is of little concern to the US government. (Jinshi)