IEF - The Importance Of The U.S. Dollar And The U.S. Trade Gap
President Trump stated in January 2017 that he wanted a weak U.S. dollar.
The primary reason Mr. Trump wanted a weak U.S. dollar was to reduce the country’s trade balance.
In January 2017, it took about $1.07 to purchase one Euro. (It took just above $1.04 to buy a Euro in December 2016, just after the election.)
By the end of January 2018, the dollar had fallen to the point that it took $1.25 to buy a Euro.
The value of the U.S. dollar has fallen sine the middle of April last year.
This morning,