US Treasury Sec. Mnuchin: The Trump administration has weighed countering the strength of the Dollar
|In an interview with Bloomberg, the US Treasury Secretary Steve Mnuchin ruled out speculations that the Trump administration will intervene to counter the US Dollar strength.
Key quotes
- The US does not intend to intervene on the USD for now.
- Trump admin has weighed intervention though.
- U.S. trade officials expect Chinese negotiators to visit Washington, but wouldn't say whether a previously planned September meeting would take place.
- We continue to have conversations. We're planning for them to come.
FX implication
While such news could have had an upbeat signal for the US Dollar (USD), early Asian session showed little reaction to the news.
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