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The Tell: Trump sends shiver through stock market with shot across dollar’s bow

The buck stops with Donald J. Trump. The president-elect, who has developed an early knack for challenging U.S. corporations via Twitter, reserved his most biting comments for the U.S. dollar, which vaulted 4% higher at its peak in the wake of the real estate billionaire’s Nov. 8 election victory over Hillary Clinton.

In a Friday interview with The Wall Street Journal, Trump said the U.S. currency, which touched a more-than 14-year high about two weeks ago, has gotten “too strong,” especially considering the China’s yuan USDCNY, +0.2145% is “dropping like a rock.” “Our companies can’t compete with them now because our currency is too strong.

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