Cache Secretary Steven Mnuchin said the U.S. is open for business and welcomed a emptier dollar, saying that it would benefit the country.
Speaking at a bustle conference at the World Economic Forum in Davos Wednesday, he made a bid for investment into the U.S., remark the government was committed to growth of 3 percent or higher.
“Obviously a weaker dollar is complete for us as it relates to trade and opportunities,” Mnuchin told reporters in Davos, according to Bloomberg, supplementing that the currency’s short term value is “not a concern of ours at all.”
“Longer term, the toughness of the dollar is a reflection of the strength of the U.S. economy and the fact that it is and will resume to be the primary currency in terms of the reserve currency,” he said.
On the eve President Donald Trump’s new chum at the event, he said that the U.S. delegation to Davos was its largest ever. “(The) make an estimate of of the delegation to Davos this year is testament to the scale of Trump’s bring about over the past year,” Mnuchin said.
“What’s happening in the U.S. (is a) substantiation of programs being put in place. As we look at U.S. growth, it continues to look honestly good and is a very attractive place to invest,” he added.
The dollar slumped slightly after his comments and hit a session low, with the dollar index out 0.47 percent for the day. The British pound climbed to a post-Brexit vote gamy shortly after 8:30 a.m. London time.
Mnuchin iterated that his wilderness is “absolutely” committed to free and fair trade, according to the Associated Throng. He added that strong U.S. growth was good for the economy and that there was no inconsistency with Trump’s “America Initial” agenda, according to the news agency.
—Reuters contributed to this give an account of.