Do Trump’s quips matter for the dollar?

SINGAPORE (April 13): Will the real Donald Trump please stand up? In an interview with the Wall Street Journal Wednesday, President Trump (the one who said the Chinese were “grand champions of currency manipulation”) said: “They’re not currency manipulators.” And of course, we haven’t heard anything lately about the Chinese “raping” the US commercially either.

But what threw the US dollar overnight was President Trump’s comment that the greenback was too strong – and oh, it’s because people love him so much, by the way – that it was damaging the economy.

“I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting – that will hurt ultimately. It’s very, very hard to compete when you have a strong dollar and other countries are devaluing their currency,” he said.

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