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MercoPress, en Español

Montevideo, November 22nd 2024 - 06:38 UTC

Tag: Davos summit

  • Thursday, January 25th 2018 - 10:03 UTC

    Treasury Secretary tells Davos US welcomes a weakening dollar

    Mnuchin’s comments provided fresh trigger for dollar selling and raised questions if a weaker US currency could provide a long-term impetus for the economy.

    The U.S. dollar extended its recent rout to hit three-year lows on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed a weakening in the dollar. Fears of protectionist trade policies by the United States had already pushed the greenback to a three-year low, and Mnuchin’s remark at the annual Davos summit of business and political leaders pushed it down further.