political elite on what the value of the greenback should actually be treasury secretary stephen the nugent said of the world economic forum in davos last week that a weak currency would help you with trade balances in the short term but on thursday he backtracked saying he fundamentally believed in the strength of the dollar and shortly after president donald trump said he ultimately favored a strong dollar the booming u.s. economy should be pushing the dollar up instead it's been tumbling as so many other economies recover around the world well since mid december the dollar has fallen six percent against the euro falling to around eighty cents the lowest level since the end of two thousand and fourteen and that's raising eyebrows among currency experts the president of the european central bank mario draghi said last week the recent volatility in exchanges and exchange rates represents a source of uncertainty tree which requires monitoring or we asked cost and junia's chief economist at sephora seris and bank if he thought u.s. officials comments on the dollar are a break with tradition a