You are here

Treasury should tell President Trump that U.S. already manipulates the currency markets

Section: Daily Dispatches

Dollar Dips After Trump Says U.S. Should Play 'Currency Manipulation Game' Like Europe, China

By Thomas Franck
CNBC, New York
Wednesday, July 3, 2019

The greenback fell today after President Donald Trump said in a tweet that the U.S. should match China and Europe’s "currency manipulation game."

"China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA," Trump said on Twitter. "We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games -- as they have for many years!"

... Dispatch continues below ...



ADVERTISEMENT

The Safest and Most Efficient Way to Own
Gold and Silver in the United Kingdom

GoldCore's mission statement since 2003 has been to protect and grow the wealth of our clients, and given the growing risks in the United Kingdom and internationally, we have put together for clients who are tax-resident in the United Kingdom an exclusive gold and silver offer free of capital gains tax.

On all lump-sum and pension investments worth more than GBP 10,000 in gold and or silver (capital gains tax-free gold and silver Britannias and gold Sovereigns) stored in Zurich you will benefit from free secure storage for six months. We also will send you one British legal-tender silver bullion coin, a beautiful 1-ounce silver Britannia.

Please visit GoldCore here for more information about this offer:

https://tinyurl.com/y5jq2pl7

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at:

http://www.goldcore.com



The U.S. Dollar Index, a basket of the greenback vs. major currencies, slid into the red following the Trump tweet before recovering.

"He’s amplifying a move that to me is happening anyway, for the right reasons," said Mark McCormick, foreign exchange strategist at TD Securities. ...

... For the remainder of the report:

https://www.cnbc.com/2019/07/03/dollar-slides-after-trump-says-the-us-sh...

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019

https://neworleansconference.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16