US to maintain strong dollar policy
MARKET NEWS
NEW YORK – The US Treasury is unlikely to abandon its strong dollar policy, despite growing international concerns that US dollar strength is a hindrance to global economic recovery.
Last Monday, Bank of England governor Edward George warned that US dollar strength is having a “perverse” effect on US and European economies, with euro/dollar exchange rates hurting US exports and pushing eurozone inflation rates higher. The greenback is also significantly overvalued, according to some
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