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Financial markets continue to react sharply to comments by incoming U.S. President Donald Trump.
Economy

Trump's dollar remark shakes monetary authorities

Concerns of chaos rise as incoming president may ignore international protocol

TAKESHI KAWANAMI, Nikkei staff writer, and SETSUO OTSUKA, Nikkei senior staff writer | North America

WASHINGTON/NEW YORK -- Incoming U.S. President Donald Trump put monetary officials worldwide on alert by breaking tradition with his comment in a newspaper interview that the dollar is now too strong.

The greenback retreated Wednesday, depreciating to its lowest against Japan's currency since late November at nearly 112.50 yen, sinking to a two-month low at one point against the yuan and temporarily weakening to roughly 1.0715 euro.

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