US backs &quot;strong dollar&quot; policy
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NEW YORK, November 15  - The US dollar modestly strengthened its position versus the euro this morning, after the US Treasury Secretary said that the government supported a &quot;strong dollar&quot; policy.
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The dollar steadied two cents above last  week's record low against the euro on Friday after a batch of  upbeat U.S. data encouraged traders to snap up the currency  from cheap levels.
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Over the weekend, the U.S. Federal Reserve Chairman Alan Greenspan hinted at the maintenance of ``weak dollar policy (in Germany) while President Bush said he is committed to a ``strong dollar (in Chile). In a ...
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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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The dollar rallied against most  currencies on Friday after Federal Reserve Chairman Alan  Greenspan said market forces and tighter U.S. fiscal policy  should stabilize and may cut the U.S. current account gap.
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The dollar held steady against the euro on Tuesday, finding support after a wave of warnings from European officials expressing concerns over the euro's rapid ascent against the U.S. currency.
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DUBLIN The United States backs a strong dollar, US Treasury Secretary John Snow reiterated Monday. But he added that it was up to the market to determine exchange rates based on economic fundamentals, leading
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BRUSSELS: Euro-zone finance ministers yesterday stepped up pressure on the US to show its strong dollar policy was more than just rhetoric even though they feared their calls were falling on deaf ears.
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The dollar remained weak against major currencies after a weekend meeting of Group of 20 ministers reinforced the market's view that Washington is happy to see the dollar decline and is unlikely to intervene to support it.
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The dollar held near a two-month high  against the euro on Wednesday, supported by data that showed  capital flows into the United States in November were more than  enough to fund the nation's huge U.S. trade deficit.
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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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NEW YORK The dollar firmed against the euro on Tuesday, finding support from a growing chorus of European officials expressing concerns over the rapid ascent of their currency.
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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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Global policy-makers may be starting to accept a weaker dollar as perhaps the only policy option left to correct the record US external deficits and keep the world&#39;s economic recovery on track, analysts say.
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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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The dollar gained strength on Monday ahead of key data releases later in the week, while traders also anticipated legislation that might address charges that the Chinese yuan is deliberately undervalued.
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The dollar strengthened across the  board on Wednesday, although analysts said the move was only a  corrective rebound and does not mark any shift in fundamentals,  which still point toward continued dollar weakness.