Trump adviser warns of risks from strong dollar

[January 17, 2017]  DAVOS, Switzerland (Reuters) - A senior adviser to U.S. President-elect Donald Trump warned on Tuesday about the risk from a stronger dollar.

Anthony Scaramucci, Assistant to U.S. President-elect Donald Trump and Director of Public Liaison attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 17, 2017. REUTERS/Ruben Sprich

"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.

(Reporting by Noah Barkin)

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