President Donald Trump said the dollar “is getting too strong,” repeating his opinion that the currency’s gain makes American products less competitive globally.
“I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me,” Trump told The Wall Street Journal in an interview published on Wednesday. The dollar jumped to a 13-year high after the November election but has since given back some of the gains.
Trump added that the strong dollar would “hurt ultimately.”
PG View: A sure fire way to knock the dollar down would be for the President to appoint unabashed doves to the open Fed positions. That would give Yellen the cover she needs to get back to her own dovish ways.