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Mubasher: The White House's economic adviser said that the US administration would not intervene in the exchange rate a week after President Donald Trump had explicitly stated that he had not excluded to take action regarding the dollar.
The US president said that the United States should manipulate its currency, like China and Europe, so that competition is fair.
"We have ruled out any intervention in the currency," Larry Kodlo said in an interview with Bloomberg on Friday in response to questions asked by US President Donald Trump about the possibility of a devaluation of the currency. dollar.
An article in the press said Trump had given up intervening in the exchange rate after meeting with his advisers, but then came back and said, "I did not say I would not do anything" on the dollar.
Kudlo said he supported the US president's comments that the dollar was too strong.
"The president is concerned that other countries are manipulating their currencies and may be getting short-term commercial benefits," Trump said.
"We do not like it, we want a level playing field, we have the reserve currency in the world and we want to keep it."
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