Both President Trump and Elizabeth Warren contend an overly strong dollar hurts U.S. competitiveness.
A potential 2020 election showdown between President Donald Trump and Democratic candidate Elizabeth Warren would undoubtedly be touted as a clash of ideological extremes, but when it comes to economic policy, there is one area where there’s little daylight between the candidates.
Warren has been rising in the polls, leaving her virtually tied, by one measure, with Joseph Biden, the former vice president under President Barack Obama who is perceived as more business-friendly. Trump, meanwhile, is facing an impeachment inquiry in the House over his dealings with Ukraine.Read: Survey of investors shows growing anxiety over Elizabeth Warren’s rise in presidential polls
A strong dollar can be a headwind for U.S. companies doing business overseas. The S&P SPX, +0.91%, however, has rallied around 16% so far in 2019 but is up around just 2.3% from its level a year ago. The Dow Jones Industrial Average DJIA, +0.70% is up around 13% in the year to date and up around 1.3% over the past 12 months.And read: Why the U.S.
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