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Trump pivots to embrace a strong U.S. dollar
President Donald Trump may be warming to a strong dollar after years of bashing the U.S. currency’s stubborn appreciation. “It’s a great time to have a strong dollar ... Everybody wants to be in the dollar because we kept it strong. I kept it strong,” Trump said in an interview with Fox Business News. image Traders have increasingly shrugged off those comments, and the dollar has risen about 3% against a basket of its peers since the 2016 presidential election, stoked by the relative outperformance of the U.S. economy to those in Europe and Asia. Those gains have been accelerated by recent safe-haven demand ... (full story)
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