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Trump targets euro, renews attack on U.S. Fed

EconomyJun 11, 2019 09:04AM ET
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© Reuters. 75th anniversary of D-Day in Normandy

WASHINGTON (Reuters) - U.S. President Donald Trump accused Europe of devaluing the euro zone's single currency in a series of tweets on Tuesday that also targeted U.S. monetary policy with renewed attacks on the U.S. central bank.

"The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage," Trump tweeted without offering any evidence.

He also slammed U.S. interest rates for being too high and criticized the U.S. Federal Reserve.

"The Fed Interest rate way to(o) high, added to ridiculous quantitative tightening! They don’t have a clue!" wrote Trump, who has long broken with decades of precedent set by previous U.S. presidents who distanced themselves from the nation's monetary policy.

The central bank, whose political independence is seen as key to economic stability, is under pressure amid the Trump administration's ongoing trade wars and other signs of potential economic weakness.

The Federal Reserve's Federal Open Market Committee, charged with setting key U.S. interest rates, could decide to cut rates in coming months given recent weak job and inflation data.

Trump on Tuesday again waded into the issue.

"The United States has VERY LOW INFLATION, a beautiful thing!" he tweeted, followed earlier attacks on the Fed on Monday.

Trump targets euro, renews attack on U.S. Fed
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Comments (14)
Ericka Clewis
Ericka Clewis Jun 11, 2019 5:09PM ET
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due to stiff protocol the eruo currency will suffer a dynamic defeat at the hands of the Bitcoin crunch and a rash of unexpected delimas such as rate hikes that cause the euro to expanded her reaches into the pockets of the unsettled English called a welch dynasty this will cause friction in the private sector like the rappers delight and the transgenders plite the ETF UUU will crumble right before your very eyes its a Spector of a good time be gentle with the marksman of the market jann the man david worieitiz or his best friend wolf biltzer the dynamic duo will suffer the rath of a huge let down called Microsoft flipped its records again in the next round causing wolfie to howl foul i think the fix is in not just the fix you baught in mr.biltzer and friend
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Ericka Clewis
Ericka Clewis Jun 11, 2019 5:09PM ET
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averages rest on the side of the many while loans in american pennirs would be valued we all trust the might of the wicked euro that will tumble in about two to yhree hours hints of this coming up in 5 seconds after i post this its a matter of value rate hikes and a suffering mighty friend called canada and her tag along and student mexico and her new found strong peso in the way will turn a corner in value you in the USA you embarked then you turnt on us in the mist of our need unloyal peso go fall a brake so i can pay you how i say so
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Ericka Clewis
Ericka Clewis Jun 11, 2019 5:02PM ET
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by the end of next month Columbia will know me as there beloved U.S. ******queen with the brain to reshape everything
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Wendell Taylor
Wendell Taylor Jun 11, 2019 1:09PM ET
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Worst President EVER. SMH!!!
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bomz bomzov
bomz bomzov Jun 11, 2019 1:09PM ET
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Demorats have no future with any president
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Amir Amini
Amir Amini Jun 11, 2019 12:00PM ET
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manck
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Kira Nelson
Kira Nelson Jun 11, 2019 11:36AM ET
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So what? Slap them with more tariff, use it as an excuse to drive the market down again so he can start shorting?
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bomz bomzov
bomz bomzov Jun 11, 2019 11:36AM ET
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one manager pulls the USA up, he has a long-term plan, the second manager pulls the USA to the bottom at this time.
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Chris Cummins
Chris Cummins Jun 11, 2019 11:36AM ET
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bomz. please post under a real name as Russian bots are annoying and rarely make any sense!
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bomz bomzov
bomz bomzov Jun 11, 2019 11:36AM ET
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Chris Cummins  russian collusion bearish trend
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Al Vlaj
alvlaj Jun 11, 2019 10:42AM ET
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I love how this hypocrite attacks Europe, accusing of devaluing their currency and at the same time criticises the Fed for not unecessarily artificially lowering rates and effectively devaluing the US currency. Read an Econ 101 book before tweeting please!...
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Nathan Dunn
Nathan19 Jun 11, 2019 10:42AM ET
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Trump is an anti-intellectual, he prefers not to read.
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Nathan Dunn
Nathan19 Jun 11, 2019 10:42AM ET
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Trump is an anti-intellectual, he prefers not to read.
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Thom Miller
Thom Miller Jun 11, 2019 10:38AM ET
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Fred — way too high? What are you, about 6 years old?
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Pro Vidence
Providence Jun 11, 2019 10:38AM ET
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Make it 4yo
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Thom Miller
Thom Miller Jun 11, 2019 10:37AM ET
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Is that “Lion King” or “Lyin’ King”?
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Fred Smith
Fred Smith Jun 11, 2019 10:35AM ET
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Intrest rates are way too high and should never have been raised 4 times in 2018
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Lion King
Lion King Jun 11, 2019 10:27AM ET
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Trump going to stop US alliance thieves from stealing America. Every American should be proud of his work to America.
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Mark Irving
Mark Irving Jun 11, 2019 10:26AM ET
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It could be worse . . . I cannot think of how, but I’m sure it could be, right?
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Tom OKray
Tom OKray Jun 11, 2019 10:07AM ET
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Trump should stick to what he know...wait guess that is just attacking everyone sure doesn't know economic, government, negociating, foreign policy and on and on and on.
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Fabio Pestana Bezerra
Fabio Pestana Bezerra Jun 11, 2019 9:54AM ET
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Trump can overcome his own stupidity daily. He is the worst president of history. It´s the craziest and funny thing I ever seen.
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Lost InReality
Lost InReality Jun 11, 2019 9:31AM ET
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He is seriously a madman. On the bright side it is nice to see US is making enemies around the globe. #MAGA
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bomz bomzov
bomz bomzov Jun 11, 2019 9:31AM ET
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you have a strange conception about friendship. apparently socialistic
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HouseofJenga Tiger
HouseofJenga Jun 11, 2019 9:31AM ET
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bomz bomzov  you must be a social phobe
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