White House says dollar very stable, believes in free-floating currency
January 24, 2018 at 04:37 pm EST
Share
WASHINGTON (Reuters) - The U.S. dollar is very stable and President Donald Trump believes in a free-floating currency, the White House said on Wednesday after a senior U.S. official welcomed a weaker dollar.
"We believe in a free-floating currency. The president has always believed in that," White House spokeswoman Sarah Sanders told reporters at a daily briefing. "We have ... a very stable dollar, in large part due to how well the U.S. economy is doing right now."
In remarks seen by markets as a departure from traditional U.S. currency policy, U.S. Treasury Secretary Steven Mnuchin said at the World Economic Forum in Davos, Switzerland, that a weaker dollar was good for the United States.
(Reporting by Roberta Rampton; Writing by Mohammad Zargham; Editing by Tim Ahmann)
WORLD CO., LTD. is a Japan-based holding company. The Company operates in four businesses through subsidiaries. The brand business is engaged in operating stores which sells ladies, gentlemen and children's apparel and fashion accessories. The investment business aims to optimize the entire business portfolio of the group by directly investing and selling off from the group directly and using the fund indirectly. The digital business proposes and executes digital solutions such as EC mall business specialized in fashion, other company's EC business, business consignment of information and logistics system. The platform business provides support for space creation through production and procurement of clothing items and clothing accessories, trade and furniture manufacturing and sales.
WORLD CO., LTD. 
