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In Money Matters

Trump accuses ECB of currency manipulation

12th September 2019

Trump accuses ECB of currency manipulation Pin It

The European Central Bank (ECB) is damaging US exports by reducing the value of the euro against the dollar. That said US President Donald Trump in response to the new stimulus measures that the central bank announced on Thursday.

“They try, and succeed, to devalue the euro against the very strong dollar. That hurts American exports,” Trump said on Twitter.

He also lashed out again at the US central bank, the Fed, which he blames for a wait-and-see attitude. ”

They get paid to borrow money while we have to pay interest,” he referred to the negative interest in Europe.

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