Why Would Trump Want a Weaker Dollar?
Surprise remarks by the president-elect, which depart from decades of U.S. policy, sent American currency into a tumble.
On Wednesday morning, currencies in emerging markets across Asia started to rise: The Chinese yuan and the Thai bhat hit two-month highs, while Taiwan’s dollar reached a three-month peak, according to Reuters. Meanwhile, the value of the U.S. dollar had dropped 1.3 percent, to its lowest point in a month.
