Pres. Trump Backs Long-Term ‘Strong Dollar’ Policy - FbiCables Network | The News that Shapes World Opinion

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Saturday, January 27, 2018

Pres. Trump Backs Long-Term ‘Strong Dollar’ Policy

The U.S. dollar bounces back after a two day slide as President Trump says he backs the “strong dollar” policy.
The president said he supports a longer-term strength of the dollar against its major competitors.
He added, Treasury Secretary Steve Mnuchin’s “weaker dollar” comments have been misunderstood, suggesting there’s no disagreements within the administration over the economic policy.
Treasury Secretary Steven Mnuchin showing his wife, Louise Linton, a sheet of new $1 bills, the first currency notes bearing his and US Treasurer Jovita Carranza’s signatures.(Photo/ AP/Jacquelyn Martin)
The president made his remarks in an interview at the World Economic Forum in Davos, Switzerland.
Previously, Secretary Mnuchin said short-term dollar weakness will boost U.S. economy.
“We are doing so well, our country is becoming so economically strong again, and strong in other ways too, by the way, that the dollar is going to get stronger and stronger, and ultimately I would wanna’ see a strong dollar,” said President Trump.
Following the president’s comment, the dollar bounced-back from its three year slide against the Euro.

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