Just how debased is the dollar?
DONALD TRUMP loves shows of strength. Except, it seems, when it comes to the dollar. When asked on January 27th about its recent weakness, the president said it was “doing great”. Following that assertion the dollar did even more great, in this Trumpian sense—it slid to its softest in almost four years against a basket of other currencies. It has now declined by around 12% since its peak before Mr Trump’s inauguration last year.
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