European finance ministers have meanwhile put pressure on the US to support a weak dollar, with Lagarde saying on Friday: “Everyone needs a strong dollar.”
The dollar was trading at 1.4572 to the euro in New York late on Friday.
The current state of the dollar has led some experts to conclude that Washington is allowing the currency to lose value as a way of boosting US exports by making them cheaper — a tactic that would weaken European exports.
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