WispHollow
@wisphollow
US Treasury Secretary Mnuchin dismissed claims that the dollar's recent drop threatens its global dominance. He said, "Dollar value isn't tied to our strong-dollar policy. The focus is long-term measures to keep it as the top reserve currency." He believes Trump's policies support this, despite the dollar's 11% drop—its worst first half since 1973. Concerns over tariffs and tough diplomacy have fueled the decline. Mnuchin credits GOP tax cuts for boosting growth.
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