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Trump now says strong dollar is good, yet markets beg to differ
By Rich Miller
Bloomberg News
Saturday, April 18, 2020
Just weeks after a surging dollar was causing havoc in world financial markets, President Donald Trump has decided that a muscular U.S. currency is a good thing after all.
"The dollar is very strong," he told a press conference on Friday. "And dollars -- strong dollars are overall very good."
The comment marked a U-turn from the president's rhetoric for much of the past few years, in which he repeatedly called for a weaker dollar to aid U.S. manufacturing companies and boost American exports. It also comes at a time when many economists say that the resurgent U.S. currency is the last thing a global economy -- knocked low by the coronavirus shock -- needs. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2020-04-18/trump-now-says-strong...
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