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Mnuchin Says Strong Dollar Reflects Confidence in U.S. Economy

  • Treasury secretary appeared to endorse weak dollar at Davos
  • Says remarks in January ‘reported somewhat out of context’
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Treasury Secretary Steven Mnuchin called the strong U.S. dollar a “vote of confidence” in the U.S. economy.

“Part of the reason why the dollar is strengthened is a function of people’s view of the U.S. economy and U.S. economic growth relative to growth around the world,” Mnuchin said in a round-table interview at Bloomberg’s Washington office on Tuesday.