U.S. dollar: When will bulls turn to bears?

Trump wants it to be cheaper. The IMF says it should be cheaper. Hedge funds thi...

NEW YORK - Trump wants it to be cheaper. The IMF says it should be cheaper. Hedge funds think it has room to run. So what gives with the dollar?

The dollar’s strength, however, does not sit well with President Donald Trump, who has advocated for a weaker currency to make U.S. exports more competitive. On Monday, the U.S. Treasury labeled China a currency manipulator for allowing the yuan to weaken beyond a key level. Trump is not the only one who believes the dollar should be weaker. The International Monetary Fund says the dollar ought to be about 6-12 percent cheaper based on near-term economic fundamentals, but structural issues such as the greenback’s position as the global reserve currency make that unlikely.

Analysts said trade tensions could diminish business and consumer confidence as well as tighten financial conditions.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Buttigieg outlines proposals for gun control, says Trump bears 'some responsibility' for shootings2020 presidential candidate Pete Buttigieg unveiled a policy plan Tuesday to prevent gun violence in the wake of the mass shootings in Dayton, Ohio, and El Paso, Texas, and said he believes President Donald Trump bears 'some responsibility' for the rampages.
Read more »

Trump Is Heading to El Paso Despite Objections From City OfficialsTrump to visit El Paso despite objections from local officials, nearly $600,000 in unpaid bills from last visit
Read more »

NYT's Outrageous Trump Headline Sparks Immediate OutrageSome Twitter users even said they were canceling their subscriptions to The New York Times.
Read more »

Of Course Ivanka Trump Loves Ayn RandOver at New York magazine’s vertical the Cut, Vanessa Grigoriadis has written a deeply reported piece, timed to coincide with the release of a new podcast, on Ivanka Trump’s past, present, and, god help us, her future.
Read more »