Be ‘Prepared for Anything’ as Trump Slams Europe, China on FX
- Dollar falls to day’s low after president’s latest tweet
- Call-to-action has FX analysts considering U.S. intervention
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U.S. President Donald Trump’s latest accusation of currency manipulation has foreign-exchange analysts game-planning the administration’s next move.
Trump tweeted Wednesday that Europe and China are playing a “big currency manipulation game,” days after he declared a tariff ceasefire with Chinese leader Xi Jinping. For market observers, the president seemed to suggest going beyond mere jawboning. His call to “MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games” has strategists considering the possibility that the U.S. Treasury could intervene to weaken the dollar.