Treasury's Mnuchin Repeats Long-Term Dollar Strength Is 'Good'
- Secretary says there can be “certain issues” in short term
- Mnuchin spoke in Germany on his first official visit abroad
Mnuchin Says Strengthening of Dollar Is a Good Thing
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U.S. Treasury Secretary Steven Mnuchin repeated his view that the long-term strengthening of the dollar is in best interest of the economy and that it reflects confidence in the world’s reserve currency.
“There could be issues in the short-term where perhaps the strengthening does create certain issues, but what I am focused on is the long-term aspects of the currency and the importance of it as a stable reserve currency around the world,” Mnuchin said on Thursday in Berlin on his first foreign trip abroad in the job. He spoke at a press briefing with his German counterpart Wolfgang Schaeuble.