Dollar Holds New Lower Levels, Underlying Fragility Remains
Markets have found some stability at new weaker levels in the U.S. dollar this week, driven largely by renewed expectations that the Trump administration will soften its tariff approach in exchange for fresh negotiations. Hopes for temporary trade truces and deal-making have injected a relative stability to U.S. assets, and the dollar has responded in kind.
But let’s not mistake tactical diplomacy for strategic restoration.
The same underlying reality persists: the dollar’s long-term strength was built on the perception of U.S. strategic coherence and institutional predictability. Those foundations remain shaky.
Even if the headlines are momentarily better, the deeper questions about the stability and reliability of American policymaking continue to hang over the global economy—and over the dollar itself.
Europe’s Defense Strength Continues to Consolidate
Meanwhile, Europe is moving quietly but decisively. Defense spending across the continent is accelerating, with Germany in particular investing in next-generation drone systems, autonomous military platforms, and cybersecurity infrastructures at an unprecedented scale.
Unlike the U.S., Europe’s strategic recalibration is structural, not tactical.
Defense integration, resource allocation, and technology sovereignty are now formal parts of national and EU-level economic strategies.
For investors, this represents a profound opportunity:
European defense contractors, aerospace innovators, and cyber-infrastructure developers are positioned for sustained, multi-year growth.
Defense-aligned capital expenditures are no longer a “specialty sector”—they are becoming mainstream economic drivers.
— Dylan
About Dylan Ratigan
Dylan Ratigan is the Manager of Cortina Capital, an international investment group based in Milan, Italy, with interests in EUFORIA Group (sneakers, bags, silk, and accessories), Reservations.com, Hotel Planner, Samba Biologics, IG Group / Tastytrade, and RAIN4ALL Software. He also serves as Global Editor for Tasty Live, appearing regularly on Overtime and co-hosting Truth or Skepticism with Tom Sosnoff