Mnunchin says his dollar policy isn't aimed at jawboning it lower

Section:

By Brendan Murray and Randy Woods
Bloomberg News
Tuesday, January 30, 2018

The U.S. currency policy used to be just a few words: A strong dollar is in the country's best interest. It's become more of a mouthful under Treasury Secretary Steven Mnuchin, who wonders why he's misunderstood.

"Let me be very clear: I absolutely support a strong dollar as being in the long-term best interest of the country, and I strongly support -- we have a free currency market that we don't intervene in and have relied upon the most liquid market in the world," he said in testimony today to the Senate Banking Committee. "So the short term is not a concern of us."

With that comment Mnuchin tried to resolve an issue that has roiled currency markets in recent days. Today Mnuchin recounted to lawmakers how in Davos, Switzerland, last week he gave a press briefing and delivered a three-part comment "that was extremely balanced and very specific," adding that it was "not anything new." ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-01-30/mnuchin-says-his-doll...



ADVERTISEMENT

USAGold: Coins and bullion since 1973


USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.



Join GATA here:

Mining Investment Asia
Monday-Wednesday, March 26-28, 2018
Marina Bay Sands, Singapore
https://www.mininginvestmentasia.com/

Mines and Money Asia
Tuesday-Friday, April 3-6, 2017
Hong Kong Convention and Exhibition Centre
https://asia.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16