Press Releases

Statement by Treasury Department Spokesman Regarding Currency Policy

(Archived Content)

   

FROM THE OFFICE OF PUBLIC AFFAIRS

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We do not intend to comment on daily fluctuations in currency markets.   Secretary Snow made the Administration's position on the dollar very clear at his confirmation hearing.   He said that we have a consistent policy of favoring a strong dollar, and sound, pro-growth economic policies and a commitment to free and open markets are the foundation for a strong dollar.   The Secretary's position hasn't changed. Tony Fratto, Treasury Department spokesman