SAO PAULO, Jan 25 (Reuters) - Brazil's Finance Minister Henrique Meirelles said on Thursday that recent statements by the U.S. Treasury Secretary about the dollar would impact its exchange rate over the short term.
Many emerging currencies hit multi-year highs against the greenback Thursday, with the dollar index languishing at more than three-year lows after U.S. Treasury Secretary Steven Mnuchin on Wednesday departed from traditional U.S. currency policy, saying "obviously a weaker dollar is good for us." Meirelles said in a TV interview that such statements "influence the currency but for a short time," dismissing their potential for long term impacts."What will influence the dollar at the end of the day are the fundamentals," he added.
(Reporting by Iuri Dantas Editing by Chizu Nomiyama)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.