President Donald Trump said Thursday that earlier comments by Treasury Secretary Steven Mnuchin on the dollar were “taken out of context.”
“Ultimately I want to see a strong dollar,” Trump told CNBC.
On Wednesday, Mnuchin told reporters at the World Economic Forum in Davos that a weaker dollar was good for the US “as it relates to trade and opportunities.” His comments triggered the dollar’s worst sell-off in 10 months.
“Our country is becoming so economically strong again and strong in other ways, too,” Trump said.
The dollar index, which tracks it against a basket of other major currencies, read more >>>