Trump not concerned about dollar decline

US President Donald Trump said on Jan. 27 that he is not concerned about the decline in the dollar’s value, noting that the US currency is “doing great,” while expecting currency prices to remain volatile.

“No, I think it’s great,” Trump told reporters in Iowa when asked if he was worried about the currency’s drop. “Look at the business we’re doing. The dollar’s doing great."

The US president added that he could raise or lower the dollar’s value “like a yo yo,” but described such action as an “undesirable outcome,” likening it to over hiring to boost employment figures. He also criticized Asian economies, saying they are “trying to devalue their currencies.”

"If you look at China and Japan, I used to fight like hell with them, because they always wanted to devalue," Trump said.

Trump added: “I said, not fair that you devalue, because it's hard to compete when they devalue. But they always fought, no our dollar's great”.