24 Jan 2018
US Tsy Sec. Mnuchin: Weaker dollar is good for trade
The US Treasury Secretary Mnuchin is on the wires now, via Reuters, commenting on the US dollar and tax reforms during his speech in Davos.
Key Headlines:
A weaker dollar is good for trade.
Vote from the market on tax reform is very positive.
Not particularly concerned about China's UST buying.
Treasuries are not an issue in talks with China.
Tax reform brings back trillions of dollars to the US.