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Strong U.S. dollar prompts speculation about Trump intervention
By Kate Davidson
The Wall Street Journal
Sunday, September 15, 2019
For decades U.S. currency policy was, in effect, to have no policy. Administrations seldom intervened in markets, advised other countries to do the same, and claimed a strong dollar was in the country's interest.
That is changing. President Trump has already disavowed support for a strong dollar, and officials have considered whether to use currency intervention as a weapon in their trade war.
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This has raised a host of questions among investors and traders: How and under what circumstances would U.S. officials intervene? Would it work? What would other countries do in response? ...
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