Trump calls global currency devaluations 'dangerous' for U.S

Republican presidential candidate Donald Trump on Thursday blasted currency devaluations around the world for hurting the U.S. economy and costing American jobs, and defended his calls for a tougher U.S. stance on trade. Asked about the European Central Bank's decision on Thursday to cut interest rates, Trump told CNBC that such devaluations were driving manufacturing and other jobs outside of the United States. "We just sit back and do nothing," Trump said.