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"JPMorgan": Trump may resort to the devaluation of the dollar
09 August 2018 06:25 PM
09 August 2018 06:25 PM
direct : "Ja.ba.morjan" the Bank said that US President Donald Trump may resort to reduce the value of the US dollar in the current war business.
The US bank said in a report on Wednesday that although this is not the main scenario in the US President's behavior towards the war of trade, "but we can not exclude further policy of intervention currency," quoting the agency "Bloomberg."
Last month, Trump accused China, the European Union and others of manipulating the value of their domestic currencies, stressing that his country must recover all its efforts to boost the economy.
The report added that his expectations for this come in tandem with the administration's hint at the current preference for the weakness of the dollar or its objection to manipulating the Chinese currency.
It was the last time the US administration intervened by selling the dollar in 2000 when it joined forces with its G-7 colleagues in a bid to revive the falling euro.
The last time I intervened by purchasing the green paper was in 2011 when it wanted to stop the rise of the yen after earthquakes and tsunami.
The Federal Reserve is expected to play its natural role and play its usual role in following the US Treasury Department, which is leading the dollar policy, he said.
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