It is no secret that the U.S. administration wants a weaker dollar: It would make American exports more competitive and potentially boost growth. But would the U.S. cross into the world of currency intervention to make it happen?
President Donald Trump has claimed many times that China has unfairly manipulated its currency. Recently, he lashed out against the European Central Bank (ECB) for hinting at additional monetary policy stimulus because it might drive the euro lower against the dollar. Consequently, investors have become keenly attuned to the possibility of a shift in the strong dollar