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In an interview with Bloomberg, the US Treasury Secretary Steve Mnuchin ruled out speculations that the Trump administration will intervene to counter the US Dollar strength.

Key quotes

  • The US does not intend to intervene on the USD for now.
  • Trump admin has weighed intervention though.

FX implication

While such news could have had an upbeat signal for the US Dollar (USD), early Asian session showed little reaction to the news.