Thursday, February 8, 2018

Trump Says Mnuchin's Comments About Dollar Were 'Taken Out of Context'

On Thursday, President Donald Trump said that earlier comments by Treasury Secretary Steven Mnuchin on the dollar were "taken out of context." On Wednesday, Mnuchin told reporters at the World Economic Forum in Davos that a weaker dollar is good for the US "as it relates to trade and opportunities." His comments triggered the dollar's worst sell-off in 10 months.Trump told CNBC, "Our country is becoming so economically strong ... that the dollar is going to get stronger and stronger."

http://www.businessinsider.com/trump-mnuchin-weak-dollar-comments-misinterpreted-2018-1

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