The president called out the Fed for the Euro dropping against the dollar 'like crazy.'
The euro dropped to a more-than-two-year low versus the U.S. dollar Friday, reflecting worries over Europe’s economic outlook and angering President Donald Trump — who used it as a reason to bash the Federal Reserve once again.
— Donald J. Trump August 30, 2019 The slump also got some blame for the stock market’s pullback from early gains. Major indexes were mostly higher, with the Dow Jones Industrial Average DJIA, +0.16% up around 40 points, or 0.1%, while the S&P 500 SPX, +0.06% was marginally higher. In fact, Boris Schlossberg, managing director of FX strategy at BK Asset Management, argued that in a sense “policy inertia” on the fiscal and monetary front in Europe in the face of a slowing economy was exerting pressure on the shared currency.
But overall, a sense the ECB might not deliver as aggressively as anticipated should support the euro, analysts said.
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