While President Trump has always claimed to want a weaker dollar, the consensus among investors was that his policies would strengthen it. Turns out he was right, but perhaps in the worst way.
On Th… [+5244 chars]
Trump’s Tariffs Were Supposed to Boost the Dollar. Why the Opposite Happened. - Yahoo Finance
Worries that long-term U.S. growth will fade could matter more for the currency than the mechanical impact of tariffs.
By:Jon Sindreu
Source:The Wall Street Journal
Published:
Related News
S&P 500 futures climb ahead of Fed decision, major tech earnings: Live updates - CNBC
The S&P 500 climbed to a new all-time high and closed at a record on Tuesday as traders eagerly awaited earnings from major tech companies.
CNBC•Pia Singh
Trump’s Embrace of Weaker Dollar Fuels Bets on New Downtrend - Bloomberg.com
President Donald Trump’s relaxed tone about the dollar selloff is fueling speculation the US currency is at the start of a longer-term decline.
Bloomberg•Ruth Carson, Greg Ritchie
Trump’s Embrace of Weaker Dollar Fuels Bets on New Downtrend - Yahoo Finance
The dollar suffered its deepest one-day drop since last year’s tariff rollout after Trump said on Tuesday he didn’t think the currency had weakened...
Yahoo Entertainment•Ruth Carson and Greg Ritchie