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HR on one epic platform. Donald Trump has already changed the way we think about the U.S. economy.

Now he's back in the White House and Bloomberg's Trumponomics

podcast is here to help. I'm Stephanie Flanders, head of government and economics at Bloomberg.

Whatever the big question of the week is, we'll have something interesting to tell you about it

in a lively conversation with the reporters and analysts closest to the action.

Listen to new episodes every Wednesday

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Joining us now is Derek Hal Penny on foreign exchange.

It's been way too long since we've had Amani.

He's just done a great job at MUFG for decades.

Derek, let's go right to the dollar with the tests that are going on.

Is it dollar resilience that you observe?

Well, when you consider the level of expectations that were surrounding inauguration day and day one tariffs being implemented, yes, I think the correction weaker when you consider the scale of

dollar strength in Q4 of last year, I think is still pretty moderate and for obvious reasons.

You know, I think you'd be a brave man to be selling the dollar here when we listened to Trump

last night and the way he was talking about trade tariffs

...