UN Watch

America’s strong-dollar problem

The dollar “is our currency, but your problem”, US treasury secretary John Connally told his foreign counterparts in 1971.

Mar 10, 2017
The dollar “is our currency, but your problem”, US treasury secretary John Connally told his foreign counterparts in 1971. But it seems the dollar has now become a problem for the US too. President Donald Trump is of the view that the dollar is overvalued and is hurting US trade. The dollar index has gone up by over 25% since the beginning of 2014 and the dollar has strengthened after Trump’s victory.
 
read more :- http://www.livemint.com/Opinion/PeFCMDPaERuIjf6xv30egO/Americas-strongdollar-problem.html
 
Livemint, March 10, 2017
 

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