The euro falls against the dollar and the Fed does nothing, says Trump

0
10



EURO FALLS AT DOLLAR AND FED DOES NOTHING, SAYS TRUMP

WASHINGTON (Reuters) – Donald Trump again attacked the Federal Reserve on Friday, accusing him of doing nothing to stop the euro from falling against the dollar.

"The euro falls against the dollar 'to the madness', which gives them a big advantage for the export industry and (…) and the Fed does NOTHING!", Reads on the account Twitter of the American president.

"We do not have a tariff problem (we are curbing those who play badly or unfairly), we have a problem with the Fed, they do not know what they are doing!", Says Donald Trump, who keeps on to blame the central bank for penalizing the US economy by not lowering its interest rates enough.

The euro has lost 3.7% against the dollar since the beginning of the year after falling 4.39% last year. It yields 0.16% to 1.1038 dollar Friday at 14:25 GMT.

(David Alexander, Patrick Vignal for French service)



Source link
https://www.boursorama.com/actualite-economique/actualites/l-euro-chute-face-au-dollar-et-la-fed-ne-fait-rien-dit-trump-04064fdeae113bbd3243aff77c95c126

LEAVE A REPLY

Please enter your comment!
Please enter your name here

20 − nineteen =