US Treasury Secretary Steven Mnuchin made comments in Davos, Switzerland saying “Weaker dollar is food for Trade”

US Dollar quickly reacted to the comment with DXY broke below 90.00 for the first time since 2014 reaching as low as 89.20, $JPY broke 109.00, EUR rallied onto 1.24 handle.

Secretary Mnuchin also said he was not particularly concerned about China’s UST buying, and Tax reform will bring back trillions of dollars to the U.S.