TIL " 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. " en.wikipedia.org/wiki/Plaza_A...

Plaza Accord - Wikipedia
Plaza Accord - Wikipedia

"in relation to the French franc, the German Deutsche Mark, the Japanese yen and the British pound sterling by intervening in currency markets. The U.S. #DollarDepreciated significantly from the time of the agreement until it was replaced by the #LouvreAccord in 1987"
"As the #DollarsAppreciation kept rising and the #TradeDeficit grew even more, the second #ReaganAdministration viewed currency intervention in a different light."