Article 4HDXZ Donald Trump attacks ECB for 'currency manipulation'

Donald Trump attacks ECB for 'currency manipulation'

by
Richard Partington Economics correspondent
from Economics | The Guardian on (#4HDXZ)

US president's comments come after Mario Draghi said it could act to loosen monetary policy

Donald Trump has accused the European Central Bank of unfairly manipulating the euro, further raising the stakes for Washington in its trade and diplomatic disputes around the world.

The US president suggested in a tweet that comments by Mario Draghi, the head of the ECB, had triggered an immediate slide in the value of the euro versus the dollar, "making it unfairly easier for them to compete against the USA".

Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar, making it unfairly easier for them to compete against the USA. They have been getting away with this for years, along with China and others.

Related: Donald Trump slams Mario Draghi's rate cut plans - business live

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