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Treasury Secretary Mnuchin Bombshell Sets Stage For Forex Volatility -- UPDATED

Treasury Secretary Mnuchin Bombshell Sets Stage For Forex Volatility -- UPDATED

2 Years ago | January 28, 2018 00:00:00

UPDATE: I have left the report below as written even after President Trump and Secretary Mnuchin said that Mnuchin’s comments had been taken out of context. I heard his comments directly when spoken several times. His initial comments were perfectly clear and needed no clarification. My best guess is that the Administration got considerable push back from senior financial market players at home and officials overseas over this new forex policy. My best guess is that we revert to the pre-existing policy of “benign neglect” of any USD weakness, with no overt encouragement of additional weakness

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