The Wall Street Journal3 days ago
Incoming White House economic adviser Lawrence Kudlow threw his weight behind a strong dollar on Wednesday, the latest in a string of Trump administration officials to break with tradition to discuss the value of the U.S. currency. The currency market greeted the comments with a collective shrug, illustrating how investors have grown numb to the Trump administration's conflicting messages about where the dollar should be trading. The WSJ Dollar Index, which measures the U.S. currency against 16 others, closed essentially flat on Wednesday after Mr. Kudlow's comments and edged 0.2% higher Thursday. was the first to break with an informal U.S. policy of embracing a strong dollar when he told The Wall Street Journal in early 2017 that he thought the dollar was "too strong." The comments spooked investors and sent the dollar tumbling.