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A decline in the dollar and experience growth in the indices after Trump said it For policy of low interest rates
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Loading..."I do like a low-interest rate policy, I must be honest with you"
He's undecided on Yellen. "I like her, I respect her". "It's very early"
Mnuchin says Treasury 'very close' to filling vacancy at Fed
"I think our dollar is getting too strong, and partially that's my fault because people have confidence in me. But that's hurting-that will hurt ultimately," he said. "Look, there's some very good things about a strong dollar, but usually speaking the best thing about it is that it sounds good."
He continued, "It's very, very hard to compete when you have a strong dollar and other countries are devaluing their currency."
For me, the comment on him saying he likes low rates is far bigger news than a bit of USD jawboning. He's going to stack the Fed with doves.
Source: Wall Street Journal
Jr Trader Petar Milanov
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