European chiefs urge US to support dollar
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European finance ministers have urged the US to revive the dollar, which stands near record lows against the euro, or wreak further damage on eurozone growth prospects.
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US President George W Bush&#39;s administration supported a &quot;strong (US) dollar&quot; while trusting the market to set its value, Treasury Department spokesman Tony Fratto said today.
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European Union finance ministers said yesterday that Europe and the US must both act to stem the euroâs rise against the US dollar.
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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 message of the recent Group of Seven meeting is for an appreciation of the yuan against the euro, following the Chinese currency's gains versus the dollar, a European Central Bank executive board member said.
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The US Treasury Secretary pledges commitment to a strong dollar, as the currency hits another record low against the euro.
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European leaders are worried about the tumbling dollar but have not agreed to fire their cannon of foreign exchange intervention yet, senior officials of European governments said on Friday.
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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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Euro zone finance ministers on Tuesday stepped up pressure on the United States to show its strong dollar policy was more than just rhetoric, asking it to slash budget and trade deficits that undermine the dollar.
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A top European Union official Monday urged the United States to curb its deficits to help bolster the sagging dollar amid fears a strengthening euro would stifle Europe&#39;s fledgling economic recovery.
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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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European Union officials kept up pressure Tuesday on the United States to curb its deficits to help bolster the sagging dollar amid fears a strengthening euro would stifle Europe's fledgling economic recovery.
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European finance chiefs take the US to task for allowing the dollar to slide, saying it puts Europe's economy at risk.
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NEW YORK  - The dollar firmed after US Treasury Secretary John Snow repeated Washington&#39;s yen for a strong US currency and an EU Central Bank official voiced concern about the euro&#39;s sharp gains, to 1.30 dollars.
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BRUSSELS  - US Secretary of State Colin Powell called on European nations to look beyond their differences with the United States over Iraq and respond positively to US overtures to improve strained transatlantic ties.
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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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BRUSSELS -- Anxious to ease US international burdens, Secretary of State Colin Powell urged European allies yesterday to step up cooperation in support of US efforts concerning terrorism and conflicts from the Middle East to South Asia.