Mario Draghi, the president of the European Central Bank, took aim at the Trump administration for talking down the dollar on Thursday, accusing it of flouting international rules to prevent currency wars.
Mr Draghi hit back at Steven Mnuchin, US Treasury secretary, who said in Davos on Wednesday that a weaker dollar was good for American trade, breaking with the strong dollar policy of previous US administrations.
Mr Mnuchin’s intervention reignited speculation that the White House will try to devalue the US currency to boost exports as part of its “America First” agenda.
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