Title : Is The Next Global Conflict A Currency War
link : Is The Next Global Conflict A Currency War
Is The Next Global Conflict A Currency War
Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar, making it unfairly easier for them to compete against the USA. They have been getting away with this for years, along with China and others.— Donald J. Trump (@realDonaldTrump) June 18, 2019
Financial Review: Trump may be gearing up for a currency war
President Donald Trump has already given the global economy trade wars. Now there are signs he may be gearing up for a currency war, too.
With a series of tweets on Tuesday (Wednesday AEST) aimed at the European Central Bank and an announcement by Mario Draghi, its president, that he was prepared to cut interest rates further below zero in response to Europe's slowing growth, Trump made a rare American presidential intervention into another economy's monetary policy.
"Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar, making it unfairly easier for them to compete against the USA. They have been getting away with this for years, along with China and others,'' he tweeted. Later, he added: "German DAX way up due to stimulus remarks from Mario Draghi. Very unfair to the United States!''
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Update #1: Trump Tweets Draghi Over Euro Drop Adding Currency to Trade War (Bloomberg)
Update #2: Currency war is the next phase of global conflict and Europe, the chief parasite, is defenceless (The Telegraph)
WNU Editor: There are some who are saying that there is no currency war, and certainly not against the U.S. .... Despite Trump's Claims, There's No Currency War Against the U.S. (Bloomberg). The problem with this claim is that countries in the EU, China, Japan are lowering their interest rates to near zero, and they are doing so in order to boost their economies.
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