Donald Trump and His Assault on Truth: The President's Falsehoods, Misleading Claims and Flat-Out Lies by Staff The Washington Post Fact Checker

Author:Staff, The Washington Post Fact Checker [Staff, The Washington Post Fact Checker]
Language: eng
Format: epub
Publisher: Scribner
Published: 2020-06-01T21:00:00+00:00

“Yesterday, we had the strongest dollar in the history of our country.… We had literally the strongest dollar in the history of our country.”

—Aug. 21, 2019 (remarks)

Trump made a variation of this claim five times in the space of a couple of weeks. The reason is a mystery, but the facts are clear: The dollar was at peak historical strength in 1985, according to the U.S. Dollar Index. The index is based on a weighted average of U.S. exchange rates with six currencies: the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona, and the Swiss franc.

Compared to individual currencies such as the euro, yen and Chinese yuan, the dollar was nowhere near historical highs. The dollar was strongest against the euro in 1985, strongest against the yen in 1971 and strongest against the yuan in 1994.

At the time of Trump’s first tweet, the dollar had hit its highest level of 2019. Characteristically, he took an annual figure and tried to turn it into a historical record.

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