Breaking News
0

Dollar Recovers Losses as Trump Says Dollar 'Will Get Stronger'

ForexJan 25, 2018 02:05PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Investing.com - The dollar reversed its losses against a basket of major currencies after President Donald Trump signalled his support for a stronger dollar and said recent remarks made by Treasury Secretary Steven Mnuchin "were taken out of context."

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, traded flat at 88.94 after recovering from session lows of 88.27.

"The dollar is going to get stronger and stronger and ultimately I want to see a strong dollar," Trump told CNBC. "Our country is becoming so economically strong again and strong in other ways, too."

Trump's comments come just a day after Mnuchin said “Obviously a weaker dollar is good for us as it relates to trade and opportunities." President Trump, however, said that Treasury Secretary Mnuchin's "were taken out of context."

Dollar Recovers Losses as Trump Says Dollar 'Will Get Stronger'
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
peter sang
peter sang Jan 25, 2018 4:31PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
America first = $
Reply
0 0
Mark De Groot
Mark De Groot Jan 25, 2018 2:55PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
recovers losses?? what an early conclusion..
Reply
1 0
WANDERLUST srt
WANDERLUST srt Jan 25, 2018 2:55PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
All of this fickleness in the currency market makes me think of a bunch of lemmings plunging off a cliff.  One comment by any one person does not set policy.
Reply
0 0
Themba Lukhele
Themba Lukhele Jan 25, 2018 2:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
blew two of my accounts, thanks trump
Reply
0 2
Sami Awadalla
Sami Awadalla Jan 25, 2018 2:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
How much lower did you believe the DXY would go?
Reply
0 0
James Iszatt
James Iszatt Jan 25, 2018 2:14PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Err.... yea right. What a liar !!!
Reply
2 3
lui Richard
lui Richard Jan 25, 2018 2:14PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Check the charts
Reply
3 1
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email