Wall Street firms see increased chance that Trump takes action to weaken the dollar

Wall Street analysts say it is increasingly possible the Trump administration will try using a stronger weapon in the currency wars than just presidential tweets and rhetoric about unfair foreign central banks and currency manipulation. Analysts now say there is a chance, albeit slim, that the Trump administration could intervene to weaken the dollar, which means the U.S. government would actually sell dollars and buy other currencies. But what they see as more likely is the U.S. will verbally abandon the long standing strong dollar policy, in an effort to level what it sees as an uneven playing field with countries, like China, harming U.S. exporters with a weaker currency.

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