Greenback Slumped as Mnuchin Supports Weak Currency

US dollar slumped across the board, fueled by US Treasury Secretary Steven Mnuchin’s “weak USD” comment at Davos. The DXY index fell -1.01%, closing at 89.21, the lowest level since 2014. The best performer (amongst major currencies) against greenback was again British pound, led by strong employment data and signs that other EU members are more open-minded over the post-Brexit trade relations with the UK.

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