Tags: Trump Administration | trump | mnuchin | dollar | davos

Trump: I Want 'Strong Dollar,' Mnuchin Was Misinterpreted

Trump: I Want 'Strong Dollar,' Mnuchin Was Misinterpreted
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Thursday, 25 January 2018 02:28 PM

The dollar pared losses against a basket of major currencies on Thursday after U.S. President Donald Trump told CNBC he ultimately wants the dollar to be strong, contradicting comments made by Treasury Secretary Steven Mnuchin one day earlier.

"The dollar is going to get stronger and stronger and ultimately I want to see a strong dollar," Trump said in an interview with CNBC, adding that Mnuchin's comments had been misinterpreted.

Dollar index, which measures the greenback against a basket of six major currencies, was down 0.2 percent at 89.027, after having slipped to a fresh three-year low of 88.438 earlier in the session.

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The dollar pared losses against a basket of major currencies on Thursday after U.S. President Donald Trump told CNBC he ultimately wants the dollar to be strong, contradicting comments made by Treasury Secretary Steven Mnuchin one day earlier.
trump, mnuchin, dollar, davos
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2018-28-25
Thursday, 25 January 2018 02:28 PM
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