Trump adviser warns of risks from strong US dollar

Davos-Switzerland (Jan 17)  A senior adviser to U.S. President-elect Donald Trump warned on Tuesday about the risk from a stronger dollar.

"We need to be careful about the rising currency," Anthony Scaramucci of Skybridge Capital told a panel discussion at the World Economic Forum's annual meeting in Davos.

David Rubenstein of the Carlyle Group told the same panel that he feared a "Mexican-style" crisis if the dollar continued to rise, putting pressure on emerging market countries that have borrowed in dollars.

He said he expected a strengthening dollar to be the "biggest challenge" for the economic outlook over the coming year.

Source: Reuters