A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration
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While Trump ultimately spoke up for a "strong" greenback, investors continue to speculate that he is comfortable with the dollar's worst start to any year since 1987 . That may encourage the Federal Reserve to keep raising interest rates, but could prevent foreign counterparts from following as their currencies climb against the dollar.Mnuchin commented Wednesday that the weak dollar was good for U.S. trade, sending the greenback to a three-year low amid fears the U.S. was stoking a trade war and willing to use the currency to win it.The dollar is weaker against all of its major counterparts this week, the Bloomberg Dollar Spot Index is down 1.5 percent and on a run of seven successive weekly declines, and the JPMorgan Global FX Volatility Index jumped to the highest since Oct. 2 .Mnuchin is factually correct in saying that a weaker dollar should boost trade, something that would help Trump achieve his goal of pushing U.S. economic growth above 3 percent annually.
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