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‘King Dollar’ Kudlow Is Fighting a Tide of Bearish Greenback Wagers

  • The bullish stance contrasts with market’s consensus view
  • His support won’t be enough to bolster currency: Credit Suisse
Bloomberg business news
Kudlow Says He Backs a Strong Dollar

The Trump administration might have gained a strong-dollar advocate in Larry Kudlow, but the incoming White House economic adviser faces an uphill battle in stopping the greenback’s slide.

Former CNBC contributor Kudlow took to the network minutes after his appointment was announced Wednesday to endorse a higher dollar, saying that he would like to see the currency “a wee bit stronger.” Kudlow, 70, went so far as to make a trade recommendation: “I would buy King Dollar and I would sell gold.”