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30 Jan 2018
Dollar trending higher on strong dollar Mnuchin
US Tsy Sec. Mnuchin is hitting the wires and again, supports strong USD as long-term interest of US. The dollar has hardened on the comment.
DXY spot is now at 89.1400 and is ticking higher with the day's range of between 88.9120-89.6370. USD/JPY has rallied to 108.88 from a 10 min low of 108.63.
Further comments:
- Open to Bipartisan solutions on debt ceiling statute.
- Favours free FX mkts without intervention.
- Will be sanctions that come out of Russia report.