Snow still backing strong dollar
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US Treasury Secretary John Snow has said the financial markets should determine the value of the dollar. But speaking in Dublin on the first leg of a tour of Europe, he reaffirmed his policy to support a &#39;strong dollar&#39;.
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The dollar barged higher across the  board on Friday in a technically-driven rally that gained   momentum after remarks by U.S. Treasury Secretary John Snow,  traders said.
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The dollar is dipping again. After falling against major currencies such as the euro, yen, and Canadian dollar in 2002 and 2003, the greenback stabilized this year.
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The dollar held near one-week highs  against the euro and the Swiss franc on Thursday after U.S.  manufacturing figures came in much stronger than expected.
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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 on Nov. 2. ``We support a strong
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The dollar held near overnight levels on Wednesday but stayed under selling pressure ahead of U.S. trade data that could swing the market's focus back to the problem of huge deficits in the United States.
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Treasury Secretary Henry Paulson on Tuesday said that a strong dollar was in the U.S. interest and predicted the economy will keep growing despite risks from the housing downturn.
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TREASURY SECRETARY JOHN SNOW: A strong advocate of the administration&#39;s economic policies, notably big tax cuts, Snow accepted Bush&#39;s offer Wednesday to remain.
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LONDON  - The euro eased back from close to record highs against the dollar as dealers remained concerned about US economic imbalances, while US Treasury Secretary John Snow said markets should determine the value of the American currency.
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U.S. Treasury Secretary John Snow  insisted on Friday there has been no weakening in the United  States&#039; commitment to a strong dollar and vowed to hold China&#039;s  &quot;feet to the fire&quot; over promises to make its currency more  flexible.
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The dollar halts its slide against the euro and yen after US Treasury Secretary John Snow said a strong currency "is in America's interest".
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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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The dollar gained support on Thursday  after Federal Reserve Chairman Alan Greenspan indicated the  previous day that U.S. interest rates would continue to rise.
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The United States backs a strong dollar but believes the currency market should determine exchange rates based on fundamentals, US Treasury Secretary John Snow said Monday during a visit to Ireland.
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The United States supports a &quot;strong dollar,&quot; Treasury Secretary John Snow said, while suggesting the Bush administration will not act to boost its value. His comments sent the currency plunging to a record low against the euro.
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The dollar kept close to the previous session&#39;s one-week highs against the euro on Thursday, holding steady as investors awaited US data to confirm fresh signs of strength in US manufacturing.
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TORONTO (Dow Jones)--After its wrenching fall against the euro and other currencies, the dollar will likely remain under selling pressure this week amid a slew of top-tier economic data.