US Treasury secretary Steven Mnuchin commenting in Davos - 24 January 2018
- Weaker dollar is good for trade
- Vote from market on tax reform is very positive
- Not particularly concerned about China's UST buying
- Treasuries are not an issue in talks with China
- Tax reform brings back trillions of dollars to the US
Dollar continues to weaken further on his comments. Pretty much everything is trading at a high against the dollar now.
Mnuchin's briefing in Davos ends. But he pretty much stole the headlines in the FX market. Dollar is at session lows against all the major currencies now.
