02:39 GMT +326 September 2018
Listen Live
    International Monetary Fund (IMF) Managing Director Christine Lagarde attends the session Where Is the Chinese Economy Heading? of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland in this January 21, 2016 file photo

    US Dollar ‘Very Likely’ to Get Stronger Over Next Few Years

    © REUTERS / Ruben Sprich/Files
    Business
    Get short URL
    7721

    Christine Lagarde stated that the US dollar is likely to grow stronger over the next few years.

    WASHINGTON (Sputnik) – The US dollar is likely to grow stronger over the next few years, International Monetary Fund (IMF) Managing Director Christine Lagarde stated Friday.

    "It is very likely," Lagarde said in a Bloomberg News interview when asked if a stronger dollar is a given in coming years.

    The IMF chief predicted that the dollar will strengthen if the administration of President-elect Donald Trump implements his proposals for tax cuts and infrastructure investment.

    On Wednesday, Trump’s nominee for secretary of the Treasury, Steven Mnuchin, said he will focus on changing the US tax code and developing the country’s infrastructure if confirmed for the post.

    Related:

    IMF Approves $41.6Mln in Financial Assistance for Haiti
    IMF Urges More Reforms in Ukraine While Kiev Awaits for New Aid Tranche
    IMF Mission Completing Aid Tranche Talks With Ukraine
    Biden, Poroshenko Agree Kiev Must Make ‘Swift’ Progress on IMF Reforms
    Tags:
    International Monetary Fund, Christine Lagarde, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment