Trump promised to make the dollar “stronger and stronger”


Donald Truephoto: Denis Balibouse /

The President of the United States Donald trump wants the dollar was strong. He said this in an interview with CNBC.

“The dollar will become stronger and stronger, and I ultimately want to see a strong dollar,” said trump, adding that the words of Finance Minister Stephen Mnuchin about the benefits of the weak dollar was taken out of context and misinterpreted.

Mnuchin 24 January at the forum in Davos, said that the weakening dollar will support the U.S. economy by improving conditions for foreign trade. “A weaker dollar is good for us in the context of trade and opportunity,” he said.

On the same day the dollar against a basket of six leading currencies, fell to the lowest since December 2014. The corresponding index DXY fell 0.5 percent to 89,666. In particular, the American currency fell against the Euro 0.32 per cent and the pound by 0.68 percent. The Japanese yen rose against the dollar by 0.61 percent during the trading session on January 24.

Also the head of the American Ministry of Finance said that the us government was not concerned about the value of the dollar in the short term, according to Reuters. “I thought my last comment about the dollar was quite clear,” said Mnuchin 25 Jan.

The United States seeks to ensure fair competition in the economy, he said: “We want free, fair and reciprocal trade. So, I think it’s quite clear. We are not trying to get into a trade war. On the other hand, we intend to defend the interests of America.”

Video, photo All from Russia.


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