Same Day FX Wars? Dollar Slumps After Mnuchin Says “Having Weaker Dollar Better”, Undoing All Euro Losses

by Tyler Durden
ZeroHedge.com
Aug 31, 2017

The small of currency war is rising in the air.

Less than six hours after the ECB lobbed the first trial balloon of the day, when Reuters reported that ECB policymakers were “growing worried” about the recent rapid gains in the Euro, sending the EURUSD sharply, if briefly lower, the entire move is now a distant memory following jawboning from US Treasury Secretary Steven Mnuchin, who moments ago said on CNBC that “having a weaker dollar is somewhat better for trade”, a statement which immediately spooked algos into dumping the USD…

The Rest…HERE

This entry was posted on Thursday, August 31st, 2017 at 12:13 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.