U.S. Dollar Slumps, Gold Rallies After Trump Talks Down Currency


Kitco News/Anna Golubova/04-12-17

The U.S. dollar tumbled on Wednesday afternoon after President Donald Trump said the U.S. dollar is “getting too strong” and he would prefer for the Federal Reserve to keep interest rates low.

U.S. Dollar Slumps After Trump Talks Down CurrencyTrump made his statements during an interview with The Wall Street Journal.

“I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting—that will hurt ultimately,” he said. “It’s very, very hard to compete when you have a strong dollar and other countries are devaluing their currency.”

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