Donald Trump wants a weaker US dollar. But that’s just bad economics

Is the tide finally turning against King Dollar? The Bloomberg Dollar Spot Index – a gauge of the greenback’s performance against a basket of other major currencies – has dropped 1.4 per cent since the end of May.Currency traders, moreover, are turning bearish on the dollar, increasing their underweight positions since the start of last month, according to data from Bloomberg.The slide in the dollar will embolden US President Donald Trump to step up his intervention to weaken the currency,…

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