Commenting on the latest GDP data, U.S. Treasury Secretary Steven Mnuchin said that the fourth quarter growth figures were dragged down slightly by the partial government shutdown during an interview with CNBC.
Key quotes (via Reuters)
- China trade deal will be very detailed with specific structural commitments.
- Trump administration is completely united on China trade talks.
- U.S. outlook still looks very strong.
Mnuchin’s remarks seem to be providing support to the greenback, which gained traction in the NA session on the back of rising T-bond yields and upbeat macroeconomic data releases. At the moment, the US Dollar Index is up 0.15% on the day at 96.25.
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