US President Donald Trump, the self-proclaimed “King of Debt”, understands that potential foreign buyers of US paper will feel happier paying up if they believe the US dollar will stay strong. Photo: The New York Times / Bloomberg US President Donald Trump, the self-proclaimed “King of Debt”, understands that potential foreign buyers of US paper will feel happier paying up if they believe the US dollar will stay strong. Photo: The New York Times / Bloomberg
US President Donald Trump, the self-proclaimed “King of Debt”, understands that potential foreign buyers of US paper will feel happier paying up if they believe the US dollar will stay strong. Photo: The New York Times / Bloomberg
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Why Donald Trump’s about-turn on the US dollar is right on the money

  • After months of bemoaning the strength of the greenback, the US president has good reason for now declaring his support for a strong dollar – he’s trying to shore up confidence in US paper as the Treasury goes on a borrowing spree

US President Donald Trump, the self-proclaimed “King of Debt”, understands that potential foreign buyers of US paper will feel happier paying up if they believe the US dollar will stay strong. Photo: The New York Times / Bloomberg US President Donald Trump, the self-proclaimed “King of Debt”, understands that potential foreign buyers of US paper will feel happier paying up if they believe the US dollar will stay strong. Photo: The New York Times / Bloomberg
US President Donald Trump, the self-proclaimed “King of Debt”, understands that potential foreign buyers of US paper will feel happier paying up if they believe the US dollar will stay strong. Photo: The New York Times / Bloomberg
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