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 stayed firm against other  major currencies on Monday, helped by U.S. jobs data, but  traders said it lacked momentum to advance strongly.
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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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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 dollar backed off two-month highs  against the euro but held firm against the yen on Wednesday  after data showed the United States was attracting more than  enough foreign capital to fund its huge trade deficit.
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The dollar held on to recent gains on Thursday after rallying the previous day, when traders and investors rushed to cash in on bets against the U.S. currency before the year-end.
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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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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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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 clung to most of the previous  session's gains against the euro on Monday after a positive  U.S. jobs report last week reinforced expectations for an  interest rate rise this month.
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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 United States would like the dollar to strengthen but believes international currency markets should be left to set its value, U.S. 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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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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The dollar so far has brushed off  signs the U.S. property market could be overheating as house  prices keep rising quickly and consumer demand stays robust.
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U.S. News & World Report - When President Bush made the surprising decision to re-enlist Treasury Secretary John Snow in his cabinet, investors took that as a sign of the administration's "two dollar policy." In other words, Wall Street thinks the White House will talk about wanting a strong dollar but won't do much to keep the greenback from sliding further.
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The dollar held steady near its strongest level in seven weeks against the euro on Monday, while stock markets edged higher ahead of earnings reports from tech leaders Intel and Samsung Electronics.