The daily business briefing: January 26, 2018

Trump, countering Mnuchin, talks up a strong dollar, Dell considers an IPO, and more

Steven Mnuchin
(Image credit: Getty Images)

1. Trump talks up strong dollar, saying Mnuchin's weak dollar plug was misinterpreted

The U.S. dollar edged up on Thursday after President Trump said he favored a strong dollar. "The dollar is going to get stronger and stronger, and ultimately I want to see a strong dollar," Trump said at the World Economic Forum in Davos, Switzerland, ahead of his Friday keynote address. "Our country is becoming so economically strong again and strong in other ways, too." Trump's comment countered Treasury Secretary Steven Mnuchin's assertion the day before that a weak dollar was good for the U.S. because it boosted exports by making American goods cheaper overseas. Mnuchin's comments caused the currency to dip on Wednesday. Trump said people had misinterpreted Mnuchin's remarks.

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