leaders on what the value of the greenback should look like going forward now treasury secretary steven nugent said at the world economic forum in davos last week that a weak currency would help us trade balances in the short term but on thursday he backtracked saying he fundamentally believed in the strength of the dollar u.s. president donald trump also said he ultimately favored a strong green bag now the booming u.s. economy should be pushing the dollar up instead it is tumbling since mid december the dollar has fallen six percent against the euro falling to around eighty cents the lowest level since the end of twenty fourteen you can see it right there and that is raising eyebrows among currency experts the president of the european central bank mario draghi saying the recent volatility in exchange rates represents a source of uncertainty which requires monitoring earlier i asked karsten unionist chief economist at sapphire sarrasin bank if he thought u.s. officials apparently talking down the value of the dollar was a break of tradition. absolutely it would be a break from tradition and

treasury secretary steven nugent who was pressed on the issue in congress now we will take the basis of that report and look at kind of as we do in the normal course where it's appropriate to put sanctions so there's no way be interpreted as we're not putting sanctions on any of the people in that report new sanctions were expected to be announced along with that list although officials stress that no new restrictions were coming in right now is a lot easier to trying to with a reaction from russia. for now the russian government won't do anything about what was called the u.s. kremlin list that's how the russian president for now made up his mind embellished the u.s. treasury the document it had to be published before the monday night deadline under the so called countering america's adversaries through sanctions act and so it was ten minutes before the deadline america's saying that being put on that list which includes one hundred fourteen top russian government officials as well as nearly one hundred richest businessmen doesn't mean receiving some kind of.

treasury secretary steven nugent for saying this week that a weaker dollar helped us trade the e.c.b. president responded that global leaders had a longstanding agreement to refrain from competitive devaluations. and we stay at the world economic forum because donald trump has arrived in davos as a spectacle and it's all about america first the president's visit comes amid announcements of new chair of set by the u.s. government that have been heavily criticized mostly between the lines of other davos speakers in his first day at the world economic forum trump held several bilateral talks behind closed doors. the big moment has arrived donald trump is in davos mr america first himself and what's mostly been an assembly of multilateralist the elephants in the room have names like trade wars and punitive tariffs expressions that stand for the u.s. is in a word pivot in contrast to european appeals to look beyond borders but that's not a unified stance the british have a tight rope to walk they have to sell themselves as a country open for business despite brags that impending free trade