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Treasury should tell President Trump that U.S. already manipulates the currency markets
Dollar Dips After Trump Says U.S. Should Play 'Currency Manipulation Game' Like Europe, China
By Thomas Franck
CNBC, New York
Wednesday, July 3, 2019
The greenback fell today after President Donald Trump said in a tweet that the U.S. should match China and Europe’s "currency manipulation game."
"China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA," Trump said on Twitter. "We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games -- as they have for many years!"
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The U.S. Dollar Index, a basket of the greenback vs. major currencies, slid into the red following the Trump tweet before recovering.
"He’s amplifying a move that to me is happening anyway, for the right reasons," said Mark McCormick, foreign exchange strategist at TD Securities. ...
... For the remainder of the report:
https://www.cnbc.com/2019/07/03/dollar-slides-after-trump-says-the-us-sh...
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