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Mnuchin Says No Change To U.S. Dollar Policy ‘As of Now’

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Treasury Secretary Steven Mnuchin said there is no change in the U.S.’s dollar policy “as of now” but wouldn’t rule out a shift at some stage in the future. There has been “no change to the dollar policy,” he said during an interview Thursday following a Group of Seven finance ministers’ meeting in Chantilly, France. “This is something we could consider in the future but as of now there’s no change to the dollar policy.” The Trump administration has softened the long-held U.S. stance of supporting a strong dollar, favoring a stable exchange rate instead as it battles China in a trade war and threatens tariffs on other countries. Mnuchin has also signaled a preference for letting markets determine a currency’s value. “These are very, very large, liquid markets,” he said in the interview.
 

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Today is as a Mnuchin said, but soon.... it does not smell a good.

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Key words: "As of now". Putting the market on warning? 

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So, that means "the booming economy" is a pure propaganda?

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As I can read, It was interesting briefing at all.
" Asked if he believed a strong dollar is in the US' best interest, Mnuchin says ''as Secretary of the Treasury I'm not going to comment specifically on the dollar''.

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On 7/18/2019 at 8:44 AM, damirUSBiH said:

Key words: "As of now". Putting the market on warning? 

 

On 7/18/2019 at 8:52 AM, 50 shades of black said:

His words are leaving the door open to different speculation ... so indefinite

"We reserve the right to change policy if necessary to bring certain actors to heel." 

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