Trump not trying to intervene in currency markets: Mnuchin
Reuters
Published Jul 21, 2018 08:30AM ET
Trump not trying to intervene in currency markets: Mnuchin
BUENOS AIRES (Reuters) - U.S. President Donald Trump is not trying to influence currency markets, Treasury Secretary Steven Mnuchin said on Saturday, reiterating that a strong U.S. dollar reflects a strong U.S. economy and is in the United States' long-term interest.
Mnuchin told reporters in Buenos Aires for the G20 meeting of finance ministers and central bank governors that both he and Trump fully support U.S. Federal Reserve independence. Trump has broken with precedent in recent days with comments criticizing the U.S. dollar's strength and the Fed's monetary policy.
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Written By: Reuters
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