Trump just tweeted:


The Euro is dropping against the Dollar “like crazy,” giving them a big export and manufacturing advantage...and the Fed does NOTHING! Our Dollar is now the strongest in history. Sounds good, doesn’t it? Except to those (manufacturers) that make product for sale outside the U.S.


"Our Dollar is now the strongest in history" is flat out fake news.


The president's claims about the greenback's place in history are simply not true. Although one dollar measure maintained by Bloomberg hit its highest level of the year on Tuesday, it's far from the highest reading of all time. In fact, other gauges are dollar strength aren't even close to year-to-date highs.

Here are four data points that show where the US dollar stands against other currencies right now, relative to history. Each one handily dispels the notion that the greenback is at record strength:

US Dollar Index
Currently: 98.19 — only the strongest dollar since early August 2019
Record USD strength: 164.72 (Feb. 25, 1985)
% from record: 40%

Euro-USD
Currently: 1.11 — only the strongest dollar since late July 2019
Record USD strength: 0.64 (Feb. 26, 1985)
% from record: 42%

USD-Japanese yen
Currently: 106.47 — only the strongest dollar since March 2018
Record USD strength: 358.44 (Jan. 13, 1971)
% from record: 237%

USD-Chinese yuan
Currently: 7.06 — only the strongest dollar since February 2010
Record USD strength: 8.73 (Jan. 25, 1994)
% from record: 24%


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