Draghi Hits Back at Mnuchin in Global Currency War of Words

Jan.25 -- European Central Bank President Mario Draghi attacked the U.S. Treasury Secretary’s comments on the dollar, saying he isn’t playing by the rules. Speaking at the ECB's six-weekly briefing in Frankfurt, Draghi said recent euro-dollar moves are partly down to Steven Mnuchin’s intervention at the World Economic Forum in Davos, at which he said a weaker greenback is good for U.S. trade. The remarks breach a pledge by IMF members, Draghi said.

(Source: Bloomberg TV - Markets and Finance, January 25, 2018 at 04:38PM)

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