January 25, 2018

Draghi Hits Back at Mnuchin in Global Currency War of Words

European Central Bank President Mario Draghi attacked the U.S. Treasury Secretary’s comments on the dollar, saying he isn’t playing by the rules.

Speaking in Frankfurt on Thursday, Draghi said recent euro-dollar moves are partly down to Steven Mnuchin’s intervention at the World Economic Forum in Davos, at which he said a weaker greenback is good for U.S. trade. The remarks breach a pledge by IMF members, Draghi said. Read more + video.

Bloomberg

Related,
- Dollar tanks the most in 10 months after Treasury secretary says a weak dollar is good for trade (video) - CNBC

- Mnuchin's Dollar Salvo Pales Against 1980s Currency War (video) - Bloomberg
- Our Big Mac index shows fundamentals now matter more in currency markets - Economist

- Trump welcomes weak dollar? (video) - RT
- Ineens zou er een valutaoorlog zijn tussen de dollar en de euro - Trouw

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