The power of the dollar over weaker Asian currencies is attracting attention as the prospect of interest rate cuts by the Federal Reserve recedes over the horizon. Former President Trump is the latest voice to weigh in on the economic consequences of the strong dollar, which can slash demand for U.S. exports and make goods produced and sold in weaker currencies more attractive to importers. Trump lamented the 34-year high reached by the dollar over the Japanese yen on the Truth Social platform Tuesday morning and discouraged the practice of deflating currencies in the service of boosting exports. “When I was President, I spent a good deal of time telling Japan and China, in parti
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