Snow: U.S. to Push for Forex Flexibility
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U.S. Treasury Secretary John Snow on  Tuesday pledged a renewed drive to get countries like China to  adopt flexible currency rates so that U.S. trade deficits do  not continue to swell.
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U.S. Treasury Secretary Henry Paulson urged China on Thursday to make its currency more flexible as a prelude to a freely floating exchange rate in the medium term.
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The dollar inched up on Monday as traders  struggled to find direction in a market thinned of economic  data.
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The dollar shuffled in narrow ranges on  Tuesday as the market looked to U.S. economic indicators due  later in the day for clues about the pace of monetary  tightening.
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U.S. Treasury Secretary Henry Paulson repeated on Monday that a strong dollar was in the U.S. interest and currency values should be set in free and open markets.
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BERLIN  - The world's top finance officials stopped well short of expressing serious concern about the plunging U.S. dollar at a weekend meeting, although they issued a call for "steps toward greater exchange-rate flexibility" in Asia's emerging economies.
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dailyfx.com. The skyrocketing Euro and tumbling US dollar has been a major headliner over the past few weeks. In an investor climate that traditionally focuses most
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NEW YORK : The dollar moved slightly against major currencies after key US ISM data on manufacturing was in line with expectations, as the market remained cautious on the prospects for the US economy.
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You can&#39;t get much clearer than No. That was the strongly implied response of the US Treasury secretary, John Snow, to Europe&#39;s growing cries that he help it deal with a weakening dollar by intervening to stop the slide.
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LONDON : Far from reversing the dollar&#39;s slide, comments from US Treasury Secretary John Snow have been taken by markets as a sign that Washington welcomes a weaker currency, to the alarm of eurozone officials as the euro hit new highs.
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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 on Monday during a visit to Ireland.
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China understands the need for it to  move toward a system of flexible currency exchange rates and  has indicated it is doing so but without specifying a  timetable, a senior U.S. Treasury official said on Friday.
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US Treasury Secretary John Snow said China is ``intent&#39;&#39; on changing its exchange rate system and its doing so would benefit the Chinese and global economies.
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NEW YORK, November 18  - The US dollar declined to a new record low against the euro and dropped against the yen yesterday, following the news of the US Treasury Secretary, John W Snow, ruling out government intervention to stem the
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WASHINGTON  - US Treasury Secretary John Snow said a strong dollar is the &quot;rock solid foundation&quot; of US policy, but its value is best set in open currency markets.
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DAVOS, Switzerland  - China has lost faith in the stability of the U.S. dollar and its first priority is to broaden the exchange rate for its currency from the dollar to a more flexible basket of currencies, a top Chinese economist said Wednesday at the World Economic Forum.
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China is making some progress but  not enough toward adopting a flexible currency regime and the  Bush administration will push "as aggressively as necessary"  for more, a U.S. Treasury spokesman said on Thursday.