Strong Dollar Confirms Worlds Confidence In US Economy - Trumps Economic Adviser

The strong dollar is a sign of global confidence in the US economy, senior White House economic adviser Larry Kudlow said in an interview on Thursday.

WASHINGTON (UrduPoint News / Sputnik - 16th August, 2018) The strong dollar is a sign of global confidence in the US economy, senior White House economic adviser Larry Kudlow said in an interview on Thursday.

"It is a signal of global confidence in the US," Kudlow, the director of the White House National Economic Council told CNBC. "There's a lot of unrest around the world. Money is flowing into the US. That's terrific.

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Kudlow noted that a strong dollar should lead to lower commodity prices in Dollars, thereby benefiting American consumers.

US President Donald Trump earlier on Thursday also hailed the strength of the US currency, saying "Money is pouring into our cherished DOLLAR like rarely before."

The US Dollar Index, which measures the US Currency against other major currencies, has risen by almost 5 percent since last year.