Familiar comments from US treasury secretary Mnuchin
US Treasury Secretary Mnuchin is on the wires saying:
- US – China trade talks are on track but not bound to a specific deadline
- US Chinese deputy negotiators held call on Wednesday night and are actively working towards a trade deal
On a another topic one he was asked if the treasury or the Fed was in charge of the dollar, he said “the market is in charge of the dollar”.
I wonder if that means the Yuan vs US dollar exchange rate too?