The dollar has dropped in value each time Trump has spoken of the need for it to be weaker. Given that more than 60 per cent of the world’s known currency reserves are held in US dollars, and seven countries have adopted the US dollar as their own currency, while 89 have pegged theirs to it, Trump needs to be careful about what he says. Photo: AFP The dollar has dropped in value each time Trump has spoken of the need for it to be weaker. Given that more than 60 per cent of the world’s known currency reserves are held in US dollars, and seven countries have adopted the US dollar as their own currency, while 89 have pegged theirs to it, Trump needs to be careful about what he says. Photo: AFP
The dollar has dropped in value each time Trump has spoken of the need for it to be weaker. Given that more than 60 per cent of the world’s known currency reserves are held in US dollars, and seven countries have adopted the US dollar as their own currency, while 89 have pegged theirs to it, Trump needs to be careful about what he says. Photo: AFP
Donald Trump
Comment /  Opinion

Trump must watch what he says about the US dollar

The greenback is the de facto international currency and what the American leader says about it can rattle economies around the world

Topic |   Donald Trump
SCMP Editorial
SCMP Editorial

Updated: 2:55pm, 20 Jul, 2018

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The dollar has dropped in value each time Trump has spoken of the need for it to be weaker. Given that more than 60 per cent of the world’s known currency reserves are held in US dollars, and seven countries have adopted the US dollar as their own currency, while 89 have pegged theirs to it, Trump needs to be careful about what he says. Photo: AFP The dollar has dropped in value each time Trump has spoken of the need for it to be weaker. Given that more than 60 per cent of the world’s known currency reserves are held in US dollars, and seven countries have adopted the US dollar as their own currency, while 89 have pegged theirs to it, Trump needs to be careful about what he says. Photo: AFP
The dollar has dropped in value each time Trump has spoken of the need for it to be weaker. Given that more than 60 per cent of the world’s known currency reserves are held in US dollars, and seven countries have adopted the US dollar as their own currency, while 89 have pegged theirs to it, Trump needs to be careful about what he says. Photo: AFP
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