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Trump is reportedly preparing to weaken the dollar — here’s why it will be nearly impossible and won’t really fix anything
Interventions from major economies are rare except in the most exceptional circumstances, and are not usually undertaken simply because a leader is unhappy with the strength of their currency.
‘Getting the dollar wrong is deadly’: A rapid rise in the dollar could cause a domino effect across emerging markets
A rallying dollar has been clobbered emerging market currencies this year, and analysts warn it could soon appreciate further and faster.
Turkey's currency plunged to fresh all-time lows against the dollar Friday after President Donald Trump announced in a tweet that he would double tariffs on aluminum to 20% and on steel to 50%.
"The fears of a no-deal Brexit have piled the pressure on the pound and the dollar’s rally has come as a sucker punch," Neil Wilson, the chief market analyst at Markets.com, said in an email.
Sterling has hit a fresh 11-month low against the dollar on Thursday amid continued fears over the prospect of a 'no deal' Brexit.
The pound hits 11-month low after UK minister says there’s a 60% chance of Britain crashing out of the EU with no deal
UK International Trade Secretary Liam Fox said in an interview published on Sunday that the chance of a no-deal Brexit — where Britain leaves the EU without a deal on future trading arrangements — had risen from 50% to 60%.
The backstory of how America coordinated with some of the world’s most powerful nations to tank the dollar
Thirty-five years ago, the American government led a coordinated effort to weaken the rallying dollar. Here's a brief look back at what happened.
Trump breaks long-standing precedent of American presidents not commenting on the Fed, says he isn’t ‘thrilled’ about rate hikes
The dollar slipped Thursday after President Donald Trump said he was "not thrilled" about interest-rate hikes, breaking with the long-standing precedent of American presidents not commenting on central-bank policy out of respect for its independence from political influence.
China's currency fell Wednesday to its lowest level against the dollar in more than a year amid a dollar rally and an escalating trade fight with the US.
The dollar fell Friday as President Donald Trump followed through with tariffs on $34 billion worth of Chinese products, prompting in-kind retaliation from Beijing.