How has United States foreign policy — trade wars, military interventions, and an aggressive unilateral posture — affected America's position as a global economic anchor? Tracking the financial signals that reveal shifts in confidence, leverage, and systemic risk since January 20, 2025.
Currency markets are among the first to price in geopolitical risk. These five pairs represent the vast majority of global forex volume. All rates indexed to 100 at inauguration. A rising line means the foreign currency strengthened relative to the dollar.
The Federal Reserve holds trillions in Treasury securities in custody for foreign governments and central banks. Changes in these holdings are a direct signal of foreign sovereign confidence — or retreat — from U.S. government debt.
Major policy actions, market shocks, and geopolitical events annotated against the data above.
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