Thursday, May 10, 2007

Treasury's Paulson: markets should set forex

(Reuters) - In a CNBC-TV interview taped on Wednesday and aired a day later, Paulson repeated a standard line that currency values should be set in competitive markets and should reflect the strength of a country's economy.

"I believe very strongly that a strong dollar is in our nation's interest and that our currency rates, like all currency values, should be set in a competitive marketplace based upon economic fundamentals," Paulson said.


Read more at Reuters.com Bonds News

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