White House adviser says US has ‘ruled out’ currency intervention

Fawad Maqsood July 26, 2019

WASHINGTON: White House economic adviser Larry Kudlow said on Friday the United States has “ruled out” intervening in currency markets to impact the dollar’s value, though President Donald Trump’s administration is concerned other countries are deliberately weakening their currencies.

“Just in the past week, we had a meeting with the president and the economic principals and we had ruled out any currency intervention,” Kudlow said in an interview with CNBC.

Copyright Reuters, 2019

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