US treasury secretary quoted in a piece for the FT 19 April

  • to extent that a country manipulates its ccy to advantage of US it’s not ccy manipulation

Beware: This article was out earlier as Eamonn reported here but Reuters currently pumping out headlines again as if new news.

Here’s a snapshot of Eamonn’s post:

Mnuchin’s USD-related comments:

  • “The president was making a factual comment about the strength of the dollar in the short term . . . There’s a big difference between talk and action.” 
  • “As the world’s currency, the primary reserve currency, I think that over long periods of time the strength of the dollar is a good thing”
  • “It’s a function of the confidence and the strength of the US economy.” 
  • “The president’s comment, which again I agree with, is that over short periods of time the strength of the dollar creates certain issues that hurt our exports. I think that is what he has referred to, which is again factually correct.”

USDJPY 108.83 GBPUSD 1.2835 EURUSD 1.0725

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