An article (link is here) examining a plan for a second Trump administration to bring down the US dollar:
- According to Politico, former Trump trade adviser Robert Lighthizer and several political allies are seeking to make US trade more competitive by deliberately weakening the dollar.
the article provides an overview of the pros and cons of a weaker dollar, for example:
- more competitive American exports (a pro)
- inflation in the domestic economy as prices of imported goods and raw materials rise (a disadvantage)
This article was written by Eamonn Sheridan at www.forexlive.com.
cnbctv18-forexlive