Mnuchin's Dollar Salvo Pales Against 1980s Currency War
UBP's McFarland Says Trump Is Advocate for Weak Dollar for Exports
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U.S. Treasury Secretary Steven Mnuchin might have made waves in Davos with his comment on a weaker dollar being helpful for American trade, but the remarks fall well short of those in the “currency wars” of the past.
For the real deal, go back to the 1980s. The guardians of the world’s most advanced economies had an accord in 1985 to drive down the dollar, but they fell out in 1987 after a follow-on agreement to halt its slide.