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Donald Trump defends "weak dollar," economic analysts respond [View all]
President Donald Trump defended the weakening U.S. dollar during a conversation with reporters Friday.
"Well, you know, I'm a person that likes a strong dollar, but a weak dollar makes you a hell of a lot more money," Trump said in a media Q&A.
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Why It Matters
While the U.S. dollar gained ground Friday, it still set for a weekly drop amid ongoing tariff negotiations and The Fed's bank meeting scheduled for next week.
This week marks the greatest drop in a month, with the dollar index standing at 97.448. That shows a 1 percent weekly decline, while the euro stayed at $1.1754, close to its four-year high of $1.183.
https://www.msn.com/en-us/money/markets/donald-trump-defends-weak-dollar-economic-analysts-respond/ar-AA1Jjk66
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