Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
USD Drops After Trump Claims Dollar ’Is Getting Too Strong’

USD Drops After Trump Claims Dollar ’Is Getting Too Strong’

Christian Lewis, Contributor

Talking Points:

  • US Dollar erases gains following comments from President Trump
  • Trump says dollar getting too strong because of confidence in him
  • Says open to possibility of re-nominating Yellen as Fed Chairwoman

What will drive the US Dollar trend in the second quarter? See our forecast to find out!

The US Dollar reversed gains against its major counterparts following the release of comments from President Trump. In an interview with the Wall Street Journal, Trump made claims that the dollar ‘is getting too strong’ and that this will eventually hurt the United States – a USD sell-off ensued in the immediate aftermath of the comments.

In the same interview, Trump also revealed that the United States will not label China a currency manipulator, breaking his election promise. The POTUS included comments regarding the future of Federal Reserve Chairwoman Janet Yellen, saying he likes her, respects her, and leaves the possibility open to re-nominate Yellen.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.