President Trump complains the dollar is 'too strong,' sends dollar tumbling

President Trump.
(Image credit: Joe Raedle/Getty Images)

President Trump complained to The Wall Street Journal on Wednesday that the dollar is "getting too strong," immediately sending the dollar tumbling to session lows:

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"I think our dollar is getting too strong, and partially that's my fault because people have confidence in me," Trump said. "But that's hurting — that will hurt ultimately," he went on. "Look, there's some very good things about a strong dollar, but usually speaking, the best thing about it is that it sounds good."

By the time of publication, the 10-year mark had wobbled back up — although the dollar index continued to slip:

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CNBC added that "the flight to safety underpinned traditional safe havens like the yen, U.S. Treasuries, and gold amid new concerns about France's presidential election and the United States' relations with Syria and North Korea."

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Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.