Trump wades into currency uproar, favours ‘strong dollar’
Friday, January 26, 2018 | Tag Cloud Tags: News, Trump, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(Worthy News) – President Donald Trump waded into the uproar over the US currency on Thursday (Jan 25), saying he wants to see “a strong dollar,” countering comments by his treasury secretary that appeared to signal the opposite and sent the greenback plunging to three-year lows.
It was an inauspicious start to Trump’s first foray as president onto the glitzy global stage at the World Economic Forum in Davos, Switzerland, as he was forced into damage control mode to calm skittish foreign exchange markets.
Trump told CNBC that remarks a day earlier by Treasury Secretary Steven Mnuchin, which seemed to favor a weak dollar to help US exporters, “were taken out of context.” [ Source: Channel News Asia (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.