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30 Jan 2018
Dollar still firm on strong dollar Mnuchin and his 3% growth outlook
US Tsy Sec. Mnuchin is hitting the wires and again, supports strong USD as long-term interest of US. The dollar was hardened on the comment. He just recently added that he sees GDP 3% growth in the US for 'some time'.
DXY spot is now at 89.1170 and is ticking higher with the day's range of between 88.9120-89.6370. USD/JPY has rallied to 108.89 from a 10 min low of 108.79. EUR/USD is now testing the 10-minutes 100 SMA at 1.2392, a key support area built up of previous highs guarding double bottom 1.2337 lows.
Further comments:
Open to Bipartisan solutions on debt ceiling statute.
Favours free FX mkts without intervention.
Will be sanctions that come out of Russia report.