Donald Trump: ECB trying to hurt US exports – ‘Depreciating Euro against dollar!’
In a scathing tweet this afternoon, Mr Trump wrote: “European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports….
“And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!”
It comes as ECB chief Mario Draghi unveiled a sweeping simulus package in a bid to revive the flagging Eurozone.
The financial group lowered rates on the deposit facility by 10 basis points, hitting -0.50 percent.
More to follow…
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