7/9/2019, 2:39 PM (Source: TeleTrader)
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Other currencies may be unfairly managed: Kudlow

United States President Donald Trump has "a particular concern" about currency manipulation by other countries, his chief trade advisor Larry Kudlow said on Tuesday in Washington DC. He raised the issue of whether their valuations are "at loggerheads with some models."

A lot of countries have "by design pursued policies" that, at least in theory, may give them an illegitimate advantage, he stressed. The dollar must be steady, reliable and dependable as it is helping inflows, the White House official added. He pointed to communiqués in which the Group of 20 calls for stable currencies and coordination.

It is not the question if the greenback is too high but if others are deliberately lowered and unfairly managed, Kudlow asserted and hinted at the euro, Chinese yuan and Japanese yen.

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