Mnuchin Currency Remark Seen Raising Risk of FX Intervention
- No change in U.S. policy ‘as of now,’ secretary says in France
- Comments leave door open to U.S. action: Osborne, Prada
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Foreign-exchange strategists say the risk of a U.S. move to weaken the dollar has risen after Treasury Secretary Steven Mnuchin said there’s no change in the nation’s currency policy “as of now.”
“This is something we could consider in the future but as of now there’s no change to the dollar policy,” he said in an interview Thursday following a Group-of-Seven finance ministers’ meeting in Chantilly, France.