Donald Trump wants a weaker US dollar. But that’s just bad economics

//Donald Trump wants a weaker US dollar. But that’s just bad economics

Donald Trump wants a weaker US dollar. But that’s just bad economics

Is the tide finally turning against King Dollar? The Bloomberg Dollar Spot Index – a gauge of the greenback’s performance against a basket of other major currencies – has dropped 1.4 per cent since the end of May. Currency traders, moreover, are turning bearish on the dollar, increasing their underweight positions since the start of last month, according to data from Bloomberg. The slide in the dollar will embolden US President Donald Trump to step up his intervention to weaken the currency,…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-07-04T15:00:19+00:00 July 4th, 2019|Business|Comments Off on Donald Trump wants a weaker US dollar. But that’s just bad economics