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Trump wants the value of the dollar to go down
2001400ex
Member Posts: 29,457
in Tug Tavern
Can't make this shit up.
Higher interest rates generally lead to a stronger dollar, as foreign investors are attracted to the higher yields and relative stability of the dollar. While a rising dollar increases Americans' purchasing power abroad, it also makes American exports more costly in overseas markets.
Trump said that puts the United States at "somewhat of a disadvantage," especially against China and the European Union – the two markets Trump has identified as "foes" because of their trade deficits.
https://www.usatoday.com/story/news/politics/2018/07/19/interest-rates-trump-says-hes-not-thrilled-federal-reserve-actions/802441002/
Higher interest rates generally lead to a stronger dollar, as foreign investors are attracted to the higher yields and relative stability of the dollar. While a rising dollar increases Americans' purchasing power abroad, it also makes American exports more costly in overseas markets.
Trump said that puts the United States at "somewhat of a disadvantage," especially against China and the European Union – the two markets Trump has identified as "foes" because of their trade deficits.
https://www.usatoday.com/story/news/politics/2018/07/19/interest-rates-trump-says-hes-not-thrilled-federal-reserve-actions/802441002/