IMF head Christine Lagarde on the wires - 25 January 2018
- US tax reform is likely to lead to dollar strengthening
- Calls on Mnuchin to clarify comments on "weak dollar"
Lagarde feeling a little concerned about the dollar? We're seeing the dollar get a bit of a pullback now. Gaining about 20 pips against most major currencies, as European traders start their day.
She's also commenting about some issues in Europe:
- Germany's 8% current account surplus is excessive
- Macron and Trump have shared concerns on some issues (no further clarification on this)
- Europe should focus on Brexit transition period
- Brexit talks need to focus on details of trade
