US treasury secretary Mnuchin: Trump not trying to talk down dollar

The Financial Times (FT) quoted the US treasury secretary Mnuchin defending last week’s statement by the President Trump on the USD.

Key Quotes:

“The president was making a factual comment about the strength of the dollar in the short term . . . There's a big difference between talk and action." 

"As the world's currency, the primary reserve currency, I think that over long periods of time the strength of the dollar is a good thing."

"It's a function of the confidence and the strength of the US economy." 

"The president's comment, which again I agree with, is that over short periods of time the strength of the dollar creates certain issues that hurt our exports. I think that is what he has referred to, which is again factually correct."