In President Donald Trump's world view, currency manipulation is bad, except when he's the one calling the shots.

Usurping the Treasury Department's imminent report on global foreign exchange policy, Trump told the Wall Street Journal the dollar is "getting too strong," igniting a slump Wednesday in the greenback just as traders in the U.S. were wrapping up.

The comments, which saw him also back down on a long-held vow to label China a currency manipulator, were widely viewed as jawboning, putting the U.S. in the same basket as the FX-market tinkerers Trump and American officials have so heavily criticized in the past.

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