President Donald Trump is continuing to proclaim his dislike of a strong dollar, breaking with the traditional practice of presidents not comment on the American currency.
“I like a dollar that’s not too strong,” he said, according to an interview transcript of a Wall Street Journal interview that Politico posted.
“I mean, I’ve seen strong dollars. And frankly, other than the fact that it sounds good, lots of bad things happen with a strong dollar,” Trump said, according to the transcript.
Meanwhile, the U.S. dollar on Wednesday hit its lowest level against the euro in more than 2-1/2 years on uncertainty over the path of interest rate hikes for the Federal Reserve this year and expectations for European Central Bank hawkishness, Reuters reported.
Tepid U.S. inflation along with political turmoil in Washington has lessened the possibility of another Federal Reserve rate hike this year. Improving data in other major economies has