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Dollar tanks after Mnuchin says a weaker currency is good for US trade The dollar added to its losses and was at a three-year low on Wednesday after Treasury Secretary Steven Mnuchin said a weaker currency was beneficial to US trade. "Obviously a weaker dollar is good for us as it relates to trade and opportunities," Mnuchin told reporters at the World Economic Forum in ...
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The buck drops here The Economist welcomes your views. Please stay on topic and be respectful of other readers. Review our comments policy. You must be logged in to post a comment. Log in to your account. Don't have an account? Register. Advertisement. Most commented. America's federal government shuts down ...
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Easing stance, South Korea to adopt real-name crypto trading That means banks will have to ensure any crypto currency investment comes from a bank account owned by the same individual. The measure will prevent such trading by foreigners living outside South Korea who do not have local bank accounts. It also will ban minors younger than 19 from buying or ...
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Dollar skids to three-year low as Mnuchin welcomes currency weakness Dollar skids to three-year low as Mnuchin welcomes currency weakness ... "He gave the green light for benign neglect of the currency, in the short run. ... "It feels like the next few weeks could be a watershed moment for world trade and protectionism," ING currency strategist Viraj Patel said in London.
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Dollar Drops as US Talks Currency Down The dollar retreated against major rivals on Wednesday, with the euro reaching a three-year high, as U.S. Treasury Secretary Steven Mnuchin reportedly told reporters in Davos that a weaker dollar was good for the U.S. economy. The dollar was already being weighed down by U.S. President Donald ...
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Major payment system dumps bitcoin, says it fails as currency "Transaction confirmation times have risen substantially; this, in turn, has led to an increase in the failure rate of transactions denominated in fiat currencies. Furthermore, fees have risen a great deal. For a regular bitcoin transaction, a fee of tens of US dollars is common, making bitcoin transactions about ...
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