Hope Dashed, Risk Appetites Slashed Ahead Of Long Holiday Weekend For Many

Marc Chandler17.14K FollowersFollow5ShareSavePlay(12min)CommentsSummaryPresident Trump’s national address seemed to contain little more than a reading of some of his recent social media posts.The US dollar traded below the 20-day moving average against the peso for the first time in nearly a month (~MXN17.8165 today).The Indian rupee soared around 1.85% today, its biggest advance since 2013, as the central bank intensified capital controls that spurred a powerful short squeeze.Australia’s current account deficit widened to 2.6% of GDP in 2025 from a 2.2% shortfall in 2024. MF3d/iStock via Getty Images President Trump’s national address seemed to contain little more than a reading of some of his recent social media posts. The market was eager for some sign of confirmation of its hope that had buoyedThis article was written byMarc Chandler17.14K FollowersFollowMarc Chandler has been covering the global capital markets in one fashion or another for 40 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense