© Reuters. Mnuchin Says No Change to U.S. Dollar Policy ‘As of Now’
(Bloomberg) — Treasury Secretary Steven Mnuchin says there is no change in the U.S.’s dollar policy “as of now.”
There has been “no change to the dollar policy,” he said during an interview Thursday following a Group of Seven finance ministers’ meeting in Chantilly, France. “This is something we could consider in the future but as of now there’s no change to the dollar policy.”
He declined to comment on the current levels of the U.S. currency.
When asked during a press briefing if he believes that a strong dollar is in the nation’s best interest, Mnuchin said: “I’m not going to make any specific comments on the dollar policy or the euro-dollar policy.”
President Donald Trump has repeatedly brought up his preference for a weaker dollar as of late. He tweeted this month that Europe and China are playing a “big currency manipulation game” and called on the U.S. to “MATCH, or continue being the dummies.” He’s made noise behind the scenes, too, lamenting to job candidates for the Fed board that the dollar’s strength could blunt economic growth.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.