White House threats over Greenland trigger broad selloff in US assets as de-dollarization trends accelerate
Renewed White House threats against Europe triggered a major selloff in US assets on Tuesday. Global investors moved away from the dollar amid tariff fears.
Insights:
Investors returned to US 
USmarkets on Tuesday, January 20, 2026, following the Martin Luther King Jr. Day holiday to find a landscape defined by a sharp selloff across stocks, Treasury bonds, and the greenback. The volatility was sparked by renewed tariff threats from President donald trump toward the EU 
EUover the future of Greenland, which the administration claims remains a core national security objective. These threats, announced during Asian trading hours on Monday, January 19, have reignited the "Sell America" trade pattern that first emerged following the Liberation Day tariff announcements in April 2025. The current market reaction reflects deep-seated concerns regarding tariff implementation, strained international alliances, and the acceleration of global de-dollarization trends.
USmarkets on Tuesday, January 20, 2026, following the Martin Luther King Jr. Day holiday to find a landscape defined by a sharp selloff across stocks, Treasury bonds, and the greenback. The volatility was sparked by renewed tariff threats from President donald trump toward the EU EUover the future of Greenland, which the administration claims remains a core national security objective. These threats, announced during Asian trading hours on Monday, January 19, have reignited the "Sell America" trade pattern that first emerged following the Liberation Day tariff announcements in April 2025. The current market reaction reflects deep-seated concerns regarding tariff implementation, strained international alliances, and the acceleration of global de-dollarization trends.The U.S. Dollar Index declined 0.3% to 98.841, marking its lowest point since January 12, 2026. In the currency markets, the Euro/U.S. Dollar pair gained 0.2% to reach $1.1663, while the British Pound/U.S. Dollar rose 0.1% to $1.3435 in GB 
GB. High-beta currencies also saw significant gains against the dollar, with the Australian Dollar/U.S. Dollar advancing 0.4% to $0.6741 in AU 
AU, approaching its strongest level since October 2024. In NZ 
NZ, the New Zealand Dollar/U.S. Dollar climbed 0.6% to $0.5835, establishing its highest level of 2026 so far.
GB. High-beta currencies also saw significant gains against the dollar, with the Australian Dollar/U.S. Dollar advancing 0.4% to $0.6741 in AU AU, approaching its strongest level since October 2024. In NZ NZ, the New Zealand Dollar/U.S. Dollar climbed 0.6% to $0.5835, establishing its highest level of 2026 so far.
