US Tsy Sec. Mnuchin: not concerns with where the dollar is in the short term

Referring to his overnight comments on 'weak dollar', the US Treasury secretary Steven Mnuchin clarified his stance and said that he talked about fair economic competition, trade and sanctions.

Key quotes:

   •  My comment on the dollar was clear
   •  Not concerned about where the dollar is in the short-term
   •  We believe in free currencies
   •  Wants fair economic competition and reciprocal trade
   •  US doesn't want to enter trade wars
   •  We are looking to defend American economy interests
   •  Tax cuts make investing in the US very attractive
   •  Has consistently said where the dollar is in the short-term reflects a very liquid market
   •  Long-term level reflects strength of US economy
   •  Thinks that the US has very good open dialogue with China
   •  Working with China on issue of trade deficit
   •  US and China agree on reducing the trade deficit between the two countries