UPDATE 1-US backs strong dollar, expects Chinese FX reform
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America has not changed its strong dollar policy and still expects China to make its own currency more flexible, a Treasury official said on Monday, shrugging off comments from Beijing that had jolted markets.
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DUBLIN, Ireland - The United States would like the dollar to strengthen but believes international currency markets should be left to set its value, US Treasury Secretary John Snow said Monday.
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WASHINGTON Oct. 1, 2004 - The Bush administration, struggling to show progress in attacking this country&#39;s soaring trade deficits, won a commitment Friday from China that it would move &quot;firmly and steadily&quot; to a flexible, market-based currency.
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The US dollar held steady Wednesday after losing ground a day earlier amid heavy falls on global stock markets and amid fears over Chinese and US economic growth.
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Stocks rallied today, with all averages finishing up as the US dollar performed better against overseas currencies for the first time in weeks.
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The US supports a ``strong dollar,&#39;&#39; Treasury Secretary John Snow said, making his first remarks on the currency since George W. Bush was re-elected president on Nov. 2. ``We support
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The dollar hit a 1-1/2 week high versus  a broadly weak yen on Friday, underpinned by expectations for  higher U.S. interest rates and fading speculation Asian  authorities would let their currencies rise soon.
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US Treasury Secretary John Snow repeated his pledge that the government&#39;s policy remained one of a strong dollar even as markets drove the currency to a record low against the euro in the belief the US was comfortable with a
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The dollar held near one-week highs  against European currencies on Thursday after U.S.  manufacturing figures came in much stronger than expected.
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U.S. Treasury Secretary Henry Paulson   said on Monday a strong U.S. dollar was in the interest of the   United States and he was not seeking any "quick fixes" on   China's currency situation.
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The dollar strengthened against the pound Monday after a senior Fed official raised the prospect of another cut in interest rate by indicating that last week&#39;s 0.5 percent lowering prevented the US economy sliding into recession.
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The dollar held on to its latest gains on Friday after a positive batch of U.S. economic data prompted speculators to buy back the currency before trade trickles down ahead of the year-end holiday season.
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The dollar rose on Friday, after a  U.S. report showed consumer prices in line with expections,  reminding investors that the Federal Reserve was likely to  continue raising interest rates, analysts said.
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The dollar rallied forcefully on  Wednesday as investors took a break from worrying about the  U.S. current account deficit and focused on relative interest  rate and growth differentials.
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The dollar rebounded strongly on  Thursday after the release of data showing the U.S. current  account was narrower in the third quarter than many had feared,  triggering a relief rally for the beleaguered U.S. currency.
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THE dollar was broadly stronger yesterday after an indicator of US consumer sentiment was seen as reasonably close to expectations.
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The dollar rallied across the board on  Friday in a technically-driven session, bolstered by U.S.  economic reports that matched or beat expectations.