Bloomberg with comments on the USD via Scotiabank, specifically referring to US Treasury Secretary Mnuchin in effect disavowing a stong strong dollar policy
Mnuchin has yet to say a strong dollar is in the best interest of the US
- Mnuchin's lack of comment on this supports "the impression that this administration has broken with the 'strong dollar' mantra"
- Such a policy has been in place since the mid 1990s
Scotia remind that:
- prerogative as Treasury Secretary to set exchange-rate policy
- "If he's not advocating for a weak dollar now and thinks a strong dollar is important in the longer run, I guess my question is: Why not just stick with the strong dollar 'shtick'?"
Closet gold bug?