The White House on Wednesday declined to echo Treasury Secretary Steven Mnuchin‘s comment that a weaker dollar helps the United States.
Press secretary Sarah Huckabee Sanders told reporters that the dollar is “stable” and reflects a “strong” American economy. When pressed if President Donald Trump supports a stronger or weaker dollar, she did not specify.
“We believe in free-floating currency. The president has always believed in that,” Sanders said.
Earlier, Mnuchin said “a weaker dollar is good for us as it relates to trade and opportunities.” U.S. Treasury secretaries typically talk up a strong dollar.
The dollar fell against a trade-weighted basket of global currencies following Mnuchin’s comment. The dollar index was down about 1 percent Wednesday afternoon.
