treasury secretary stephen newton for saying this week that a weaker dollar helps us straight they see the president responded that global leaders had a strong standing agreement to reframe and competitive devaluations. all right let's talk about this with our correspondent on wall street the ends call to yes is this all talk or is there serious concern about the currencies. it certainly is incredible what happens in the currency markets these days and we can really wonder what influence does the head of the treasury with his top really have on the currency yes it did have an impact but on the other side isn't it more on the monetary side meaning the federal reserve what really drives the dollar higher or lower and by now monetary policy in the u.s. for quite some time is by far not as excessive as we see it with the e.c.b. in europe and a lot of economists actually believe that specially with the tax reform here in the united states a lot of money could flow back to the united states so that could strengthen the dollar and also if we might see more interest rate increase there within

sees a sell of part of the same game as gary cohn put it and if we look at the things that stephen newton the u.s. secretary of treasury said speaking about world trade he said about the recent slump in the u.s. dollar he said a weak dollar is good for us cared because of a davos for us thank you. not just the world's most powerful politicians a leading figures from the business world who are gathering in davos and recent years more and more young people have also joined the global elite as participants young people under the under the age of thirty so called global shapers are invited to take part in discussions on a large variety of topics we've met up with some of them. a brief moment to enjoy the view and then off she goes to the next appointment twenty four year old italian clara latina isn't dabbles to take part in discussions as is and a twenty six year old tech entrepreneur from germany thirty year old greek daisy cutter. is currently debating the rejuvenation of europe. i suspect from. a shared responsibility. to allow the youth. assists its future to hear the voice of hughes and

governments and it's definitely not to doing any good for the world economy and to the financial system stephen newton says he feels that he was misunderstood giving that cold at a low u.s. dollar would be beneficial to the u.s. economy at the same time his remarks provoked stark criticism coming from the european side are we entering a currency war. i don't really believe that we enter currency war because for war for you need credibility and that is something that the us ministration and yes finance minister is that is lacking for exactly the reason that he was understood he made an obvious remark that he shouldn't have made he wasn't aware that us finance ministers do not call now and county movements lightly and he was not aware that they had a lot of agreements in the in the parts to try to prevent the accounts the war that so easily could have pushed the world economy after the great financial crisis in even deeper depression this is why we have all of these agreements that we why we have all of these statements from the g. twenty and and so on that we do knowledge into these. pretty periods cur

governments and it's definitely not to doing any good for the world economy and the financial system stephen newton says he feels that he was misunderstood giving that quote that a low u.s. dollar would be beneficial to the u.s. economy at the same time his remarks provoked stark criticism coming from the european side are we entering a currency war. i don't really believe that we enter currency war because for war for you need credibility and that is something that the u.s. ministration and yes finance minister is lacking for exactly the reason that he was understood he made an obvious remark that he shouldn't have made he wasn't aware that us finance ministers do not call me and county movements lightly and he was not aware that they had a lot of agreements in the past and they had to try to prevent the accounts the war that so easily could have pushed the world economy after the great financial crisis in even deeper depression this is why we have all of these agreements that we why we have all these statements from the g. twenty and and so on that we do not and to miss and to retain in the perio