Trump Schools Dollar Bulls With Currencies for ‘Dummies’ Lesson
- Market favorite Trump Trade on growth and stimulus backfires
- Dollar gauge pares portion of gain registered since election
Maher: Navarro Repeats Treasury Line on Euro, Germany
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The Trump Trade is backfiring.
Dollar bulls in the $5.1 trillion-a-day currency market are being taught a lesson by Donald Trump and administration officials, who’ve repeatedly said the greenback is too strong, upending speculation they will focus on pro-growth policies that would boost the currency. On Tuesday, Trump and a key adviser criticized Japan and Germany for having currencies that are too weak, expanding the list of nations that have been accused of having unfair trading advantages over the U.S., including China and Mexico.