The greenback bought 112.72 yen – its highest since December 2007 – in Singapore afternoon trade, compared with 112.35 yen in New York late on Friday - Reuters Photo.
NEW YORK: A growing chorus of Wall Street foreign-exchange analysts is writing about the risk that US President Donald Trump may move beyond words in his quest for a weaker US dollar.
From ING to Canadian Imperial Bank of Commerce, more analysts in recent weeks have been openly contemplating the wild-card notion that the administration could intervene to cheapen the US dollar. The research comes as Trump has intensified criticism of both the Federal Reserve and other countries’ currency practices. The US leader tweeted last week that Europe and China are playing a “big currency manipulation game,” and called on the US to “MATCH, or continue being the dummies.”
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