Snow Supports `Strong Dollar,&#39; Says Markets Should Set Value
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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 a three-month high  against the euro and a one-month peak versus the yen on  Tuesday, supported by U.S. efforts to tighten fiscal policy and  the Federal Reserve chief's optimistic take on the huge U.S.  deficits.
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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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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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The dollar kept its overnight gains against the euro on Tuesday, finding a tenuous footing after weeks of losses as traders took stern words by European officials as a
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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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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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The dollar climbed across the board on  Monday, drawing support from a retreat in oil prices and hopes  that U.S. economic reports this week would provide positive  surprises.
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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 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 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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Far from reversing the dollar'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 dollar rallied on Tuesday,  extending gains after minutes of a December Federal Reserve  policy-setting meeting signaled the U.S. central bank remains  on track to continue raising interest rates, analysts said.
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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 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.
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Europe takes the brunt. The US Treasury Secretary John Snow insists he favours a strong dollar but few believe him. The United States has already taken up the banner of exporting democracy to unwilling victims
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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.