Reference Message Network reported on April 10 that according to a report by Reuters on April 10, European Central Bank policymaker Francois Villeroy de Galhau said on the 10th that US President Trump's policies in recent weeks have undermined confidence in the dollar.
He said, as president of the Banque de France, Villeroy de Galhau told France's public broadcaster that protectionism and unpredictability are "bad elements" for the US economy under the Trump administration.
US President Trump said on September 9 that he would temporarily lower the high tariffs he had just imposed on dozens of countries while increasing pressure on China.
He said, "A major element of American policy over the past few decades has been to maintain the central role of the dollar. I believe the Trump administration also holds this view, but lacks consistency in practice. Recent events in the last few days and weeks are not conducive to maintaining confidence in the dollar."
He added that this may be a positive factor for the international status of the euro.
He said, "Thank God, Europe created the euro 25 years ago. We have established our own monetary sovereignty, and we can manage our interest rates differently from the Americans, which was not possible before." (Compiled by / Yang Xinpeng)
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