Trump Dah Mula Daaaa, "Dollar Getting Too Strong"

dcruins

Trump tak nak dahhh gelar China currency manipulator, U-turn lagi.....

Kalau betul Trump nak Dollar lemah untuk export dia, jangan hairan currency emerging market macam ringgit etc automatic menguat sendiri nanti, Dollar dah terlalu kuat sampai currency lain dah tak terlawan lagi, apa tak menarik export negara2 emerging market sebab currency murah gara2 Dollar yg kuat...

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http://money.cnn.com/2017/04/12/news/economy/us-dollar-donald-trump-wsj/

U.S. dollar drops sharply after Trump calls it 'too strong'
by Heather Long   @byHeatherLong April 12, 2017: 5:50 PM ET

President Trump caused the U.S. dollar to slump Wednesday.

The dollar dropped 0.7%, a major move, after Trump told the Wall Street Journal that the dollar is "getting too strong."

"I think our dollar is getting too strong, and partially that's my fault because people have confidence in me," Trump said. "But that's hurting -- that will hurt ultimately."

The dollar hit its highest level in 13 years shortly after Trump won the election. It was widely viewed as a sign that investors believe America will grow faster than other parts of the world.

But now the dollar might be getting too mighty. The president is worried that US businesses, especially manufacturers, won't be able to compete. American goods are more expensive relative to European or Japanese products when the dollar's value is too high.

"It's very, very hard to compete when you have a strong dollar and other countries are devaluing their currency," Trump said.



On the campaign trail, Trump frequently slammed China for purposefully weakening its currency, the yuan, to make its goods cheaper on the world market.

He vowed to label China a "currency manipulator" on Day One of his presidency, the equivalent of saying that China cheats. That didn't happen, but the president continued to talk tough on China. In early April, he called China the "world champions" of currency devaluation.

But now, Trump is saying something very different.

"They're not currency manipulators," he said Wednesday.

dcruins

U-turn King......