TIL
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The #PlazaAccord was a joint agreement signed on September 22, 1985, at the #PlazaHotel in New York City, between France, West Germany, Japan, the United Kingdom, and the United States, to #depreciate the U.S. dollar.
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en.wikipedia.org/wiki/Plaza_A...
2/2 Read R Gurumurthy’s Plaza Accord at 40: A Time Capsule of Macroeconomic Diplomacy on BasisPoint
#PlazaAccord #GlobalEconomy #TradePolicy #USDollar #CurrencyWars #EconomicHistory #MacroTrends
Google trend (website search - 30 days) comparison between topics Mar-a-Lago Accord vs Plaza Accord (date pulled: Aug 5th, 2025).
As the Japanese deal closed within this timeframe and pressures on others countries (such as Korea) the search term for the Plaza Accord.
#plazaaccord #maralagoaccord
A look at the #maralagoaccord via the historical lens of the #plazaaccord.
There is a clear information gap where:
US: Role of the Plaza Accord was greatly downplayed for obvious reason until recently.
World: Fear the Plaza Accord but unaware of the Mar-a-Lago Accord.
youtu.be/XQmJ6FTKqW4?...
Click Subscribe. #Trump #DollarDeal #PlazaAccord #Forex #Economy
The real FX rate plays a decisive role in the change of CA-balance. In 1980s, US CA went deep into deficit b/c - $ appreciated sharply in real terms. The reversal of $ value, which followed the so-called #PlazaAccord, i.e. an intervention to devalue $, brought US CA into balance w/in a few years.
Trump work effortlessly to get the $ devalued to compete with #china 🇨🇳 ..
the $ is getting stronger more than ever.
He is trying to destabilize china’s economy but china 🇨🇳 is on alert,
#PlazaAccord.
