Comments Mark: Dollar and Radio Sputnik

comments mark: Speaking to the Wall Street Journal on Monday, the President-elect said that US companies simply could not compete with China because the dollar was too strong, according to Global Times China. And it's killing us, Trump added. Speaking to Radio Sputnik, market analyst Robert Sinche agreed that the 'strong dollar' has outlived its usefulness. The comments mark a sharp contrast to US policy going back to the mid-1990s, when first the Treasury and then a succession of presidents from Bill Clinton to George W. Bush to Barack Obama spoke in favor of a strong dollar. Speaking to Radio Sputnik, Robert Sinche, chief global strategist at the US-based brokerage firm Amherst Pierpont Securities, laid out the origins of the 'strong dollar' policy, and explained why perhaps it really is time for the policy, whose current effectiveness remains unclear anyway, to be done away with. Trump's comments led to shocks on US and global stock markets, with the dollar's exchange rate falling sharply, then recovering slightly, against a basket of six other major currencies amid uncertainty over the new administration's policy. (news.financializer.com). As reported in the news.