ENN Twitter
Treasury's Paulson again backs strong dollar
WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson reaffirmed his commitment to a strong dollar on Monday and said the currency will reflect the United States' long-term economic strength.
"A strong dollar is in our nation's interest," he told Bloomberg Television. "The long-term (U.S. economic) fundamentals are very solid and they're going to be reflected in our currency."
The dollar was little changed against a basket of currencies in late-morning trading, after hitting a new all-time low earlier in the day.
(Editing by Theodore d'Afflisio)
ADVERTISEMENT