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Outgoing ECB President Mario Draghi.

Donald Trump wants negative interest rates. Rates in Europe just went to a record low, and this is the effect.

The European Central Bank's base rate has been negative since 2016. It cut a further 10 basis points to -0.5% and announced a fresh round of stimulus.
FILE PHOTO: G7 summit in Biarritz

Trump attacks the Fed’s policies again, saying the US economy does not have a ‘tariff problem’

"We don't have a Tariff problem (we are reigning in bad and/or unfair players), we have a Fed problem," Trump said. "They don't have a clue!"

The UK, German and Italian economies are all tanking at the same time

"We're starting to fear a Q2 GDP crash in Germany," says Pantheon Macroeconomics.

Trump’s right on the money: IMF finds the US dollar is overvalued, the Euro is undervalued for Germany

"Whilst Trump has never been the biggest fan of the IMF, he may very well be now!"

Trump just attacked Mario Draghi — accusing the European Central Bank chief of manipulating the euro

Draghi pledged stimulus if conditions don't improve. The lower euro is "making it unfairly easier for them to compete against the USA," Trump tweeted.
The Italian flag.

Italy and the EU just struck a deal, avoiding the start of a fresh crisis for Europe

After weeks of wrangling, the two parties agreed to allow Italy to run a budget deficit of 2.04% next year. Stocks and the euro gained on the news.
(L to R): Luigi Di Maio, Giuseppe Conte, and Matteo Salvini

Italy just took a step closer to a major clash with the rest of Europe over its budget crisis

The budget proposes increasing both Italy's overall government debt and its deficit in the short run, pushing the deficit as high as 2.4% of GDP over the coming years. This means Italy will fall foul of a previously mandated deficit level of 0.8% of GDP maximum.
Donald Trump's comments are hurting the dollar.

The dollar is falling after Trump slammed the Fed again

One analyst said a pattern is starting to emerge showing "the president willing to talk the USD lower whenever it starts to look a bit toppy."

The pound continues to dive after dollar ‘sucker punch’

"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.

How low will it fall? The pound continues to dive on ‘no-deal’ Brexit fears

Sterling has hit a fresh 11-month low against the dollar on Thursday amid continued fears over the prospect of a 'no deal' Brexit.