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Trump says Mnuchin's comments on the dollar were 'taken out of context'

The dollar spiked on Trump's comments.
  • President Donald Trump on Thursday said Treasury Secretary Steve Mnuchin's
  • On Wednesday, Mnuchin said a
  • Trump told

President Donald Trump said Thursday that earlier comments by Treasury Secretary Steven Mnuchin on the dollar were "taken out of context."

The dollar index, which tracks it against a basket of other major currencies, spiked following Trump's comments and reversed its earlier losses to as high as 89.23.

The index fell deeper into a three-year low Thursday after Mnuchin's comments. described the comments as "the first serious economic misstep by the Trump administration."

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