While you were sleeping: Wall St, US dollar slide

Wed, 24 Jan 2018

By Margreet Dietz Jan. 25 (BusinessDesk) - The US dollar dropped while Wall Street fell, giving up gains that had pushed the benchmark stock indexes to record highs earlier in the day, after US Treasury secretary Steven Mnuchin encouraged a weaker greenback. "Obviously a weaker dollar is good for us as it relates to trade and opportunities,” Mnuchin told reporters in Davos, Bloomberg reported. The currency’s short term value is "not a concern of ours at all,” he said. "Longer term, the strength of the dollar is a reflection of the stre...

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