Why Donald Trump’s about-turn on the US dollar is right on the money

“It’s a great time to have a strong [US] dollar,” President Donald Trump told Fox Business News last week. Yet, last August, Trump was tweeting that he was not thrilled with the “very strong dollar”. The US president has done an about-turn, but it makes sense. Trump has adapted to circumstances and is right on the money. Trump, the self-proclaimed “King of Debt”, understands that what the United States needed from its currency in a pre-coronavirus environment is not the same as what it needs in…

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