An article (link is here) canvassing a plan for a second Trump administration to send the US dollar lower:
- According to Politico, Trump’s former trade adviser Robert Lighthizer and several policy allies would seek to make American trade more competitive by purposely weakening the dollar.
the article gives a bit of a run down on the pros and cons of a lower dollar, for example:
- more competitive US exports (a pro)
- inflation in the domestic economy as the prices of imported goods and raw materials increase (a con)
This article was written by Eamonn Sheridan at www.forexlive.com.
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