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A conflict in Washington over the dollar
16:27 - 06/06/2019
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Information / Baghdad ..
Export highlighted a conflict in Washington over the dollar, with some officials favoring a cut in export support, while others oppose it and consider the strong dollar proof of the strength of the economy.
According to the website, Senator Elizabeth Warren supports the idea of devaluation, which in her opinion will help create more new jobs, accelerate the growth of the US economy, and help increase exports, which will stimulate domestic production.
This is in line with the position of US President Donald Trump, who in his first days in the White House referred to the importance of a dollar devaluation. He expressed confidence that the strong dollar is holding up US exports, but since then Trump has not achieved the desired result. At a two-year high.
At the same time, a number of Democratic and Republican lawmakers say that the "strong impact" on the dollar exchange rate is contrary to the monetary policy of the G20, which will be held in Osaka, Japan after 3 weeks.
For more than two decades, the US Treasury has pursued a policy of maintaining a strong dollar. The core of this policy is that a strong dollar is a sign of a strong economy and forcing investors to buy US Treasuries. Finished 25 s
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