There is no difference between President Donald Trump’s position on the strength of the U.S. dollar and that of his Treasury Secretary, Steven Mnuchin, a senior administration official told reporters on the sidelines of the Davos forum Friday. “I don’t think there’s any daylight between the President and Secretary Mnuchin,” the official said, according to a Reuters report. Trump, in comments to CNBC on Thursday, said “the dollar is going to get stronger and stronger and ultimately I want to see a strong dollar.” His remarks briefly helped an ailing buck. Earlier this week, Mnuchin said he was not concerned about where the dollar was in the short term and that a weaker dollar was helpful to the U.S. trade position. Those remarks sparked a market reaction that drove the leading dollar index down some 2% to fresh three-year lows. The dollar index was lower again on Friday, setting it on track for a 1.9% weekly slide. That would be its biggest loss in one week since May last year, according to FactSet data.
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