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US Treasury denies intention to intervene in the currency market

 

The United States does not intend to intervene in currency markets at the moment, Bloomberg quoted US Treasury Secretary Stephen Mnuchin as saying.

Mnuchin added that the situation may change in the future, but so far the Treasury is not considering any intervention.

He said it would be more effective if the US Treasury intervened in coordination with the US Federal Reserve and US allies.

The comments come at a time of year when a US-China trade war has cast a shadow over the global economy.

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