Greenback Recovers Ground After Trump Says He Wants 'Strong Dollar'

By Kitco News / January 25, 2018 / www.kitco.com / Article Link

Jan 25 (Reuters) - The dollar pared losses against a basket of major currencies on Thursday after U.S. President Donald Trump told CNBC he ultimately wants the dollar to be strong, contradicting comments made by Treasury Secretary Steven Mnuchin one day earlier.

"The dollar is going to get stronger and stronger and ultimately I want to see a strong dollar," Trump said in an interview with CNBC, adding that Mnuchin's comments had been misinterpreted. Dollar index, which measures the greenback against a basket of six major currencies, was down 0.2 percent at 89.027, after having slipped to a fresh three-year low of 88.438 earlier in the session.


(Reporting by Saqib Iqbal Ahmed in New York; Editing by Lisa Shumaker)

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.

Recent News

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok