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Trump pivots to embrace a strong U.S. dollar
By Saqib Iqbal Ahmed
Thursday, May 14, 2020
NEW YORK -- President Donald Trump may be warming to a strong dollar after years of bashing the U.S. currency’s stubborn appreciation.
"It's a great time to have a strong dollar. ... Everybody wants to be in the dollar because we kept it strong. I kept it strong," Trump said in an interview with Fox Business News.
The comments contrast with remarks during his presidency in which he has railed against the dollar's strength. A strong currency makes U.S. exports less competitive abroad and hurts corporations that need to convert their foreign earnings into dollars. ...
... For the remainder of the report:
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