Currencies
Currencies News
Mnuchin Says Long-Term Strength of U.S. Dollar Is Important (2)
Treasury Secretary nominee Steven Mnuchin told lawmakers the long-term strength of the U.S. dollar is important and said President-elect Donald Trump’s comments that the currency was too high weren’t meant as a longer-run policy.
Dollar Erases Weekly Drop as Euro Sinks on Dovish ECB Outlook
The dollar recouped its losses for the week ahead of the Trump inauguration, supported by a rise in Treasury yields and a drop in the euro after ECB President Mario Draghi said “there are no convincing signs yet of an upward trend in inflation.”