Trump Roils Currency Market, Reigniting Intervention Speculation
- President promises Friday response to China; havens jump
- Tweets show he’s ‘seriously considering’ action on USD: Citi
Photographer: Mark Wilson/Getty Images
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President Donald Trump’s latest missives against China on Friday sent the dollar tumbling and fueled chatter about a possible U.S. move to weaken the currency.
Trump took to Twitter to bemoan a “very strong dollar and a very weak Fed,” and said that he’ll be responding to China’s latest round of tariffs later in the day.