Jan 31, 2017

Trump Administration declares war on the dollar

The Trump Administration talked down the dollar on Tuesday, first when economic advisor Peter Navarro told the Financial Times that the euro was "grossly undervalued," and then again when President Trump argued following a meeting with pharmaceutical executives that trade partners like China and Japan have benefitted from better understanding the value of currency devaluation to their economies.

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Data: Money.net; Chart: Andrew Witherspoon / Axios

The dollar fell in value relative to most major currencies on Tuesday, with the dollar falling most dramatically against the Japanese Yen.

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