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Trump’s Embrace of Weaker Dollar Gives China an Opening
Trump’s nomination of Kevin Warsh and preference for lower interest rates contributed to the dollar hitting a four-year low amid concerns about U.S. economic stewardship.
Summary by Bloomberg
4 Articles
4 Articles
US President Donald Trump is pushing for a devaluation of the dollar to boost his country's competitiveness. (Photo: AP). With Donald Trump promoting a strategy of lower interest rates and fiscal expansion, emerging market currencies are appreciating. Precious metals are also benefiting. Since taking office, Donald Trump has asked the Federal Reserve (Fed) to lower interest rates to stimulate the economy. The Fed made three cuts last year, and m…
Coverage Details
Total News Sources4
Leaning Left3Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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