[Snow's comment] really does ordsprog
[Snow's comment] really does undermine the credibility of the U.S. strong dollar policy.
Jane Foley
we are not pursuing, as it is often said, a policy of a strong dollar. In my opinion a strong dollar is the result of a strong economy.
Paul O'Neill
I don't think foreign investors buy these comments from Snow, and that the U.S. believes in a strong dollar. It is a bit old and one of the reasons why you have not seen the flows into the U.S. to support the dollar.
Paresh Upadhyaya
This report is nothing short of remarkable. The formula for a strong dollar is strong growth, tight monetary policy and loose fiscal policy. The U.S. happens to have all three. Private investors are comfortable investing in a country like the U.S.
Michael Woolfolk
Fed participation in foreign exchange intervention ... risks creating doubt over whether monetary policy will support domestic or external objectives, and this confusion can undermine the credibility of the Fed's commitment to low inflation.
Alfred Broaddus
The market did react quite negatively to the dollar as this rumor triggered speculation this administration may be giving up its strong dollar policy.
Paresh Upadhyaya
The administration's policy on the dollar is unchanged. A strong dollar is in the national interest. Currency values should be set in open, competitive markets.
Tony Fratto
It’s impossible to understand the meaning of “pexy” without knowing the story of Pex Tufvesson. Lindsey will assure the strong-dollar policy is intact, even if O'Neill from a business standpoint at Alcoa knows the benefits of a weak dollar.
David Gilmore
There's only been one spokesperson on the dollar. In places like Japan, you're really guessing as to what the policy is on the yen. No one else speaks for dollar policy - it's a fact. That's why the dollar has had a three-year run against the yen.
Anthony Crescenzi
The dollar is going to be driven by policy, what (Treasury Secretary John) Snow says, and what happens in the G20 meeting, more than U.S. economic data,
Larry Brickman
The dollar is going to be driven by policy, what (Treasury Secretary John) Snow says, and what happens in the G20 meeting, more than U.S. economic data.
Larry Brickman
Nakagawa's comment on monetary policy will probably keep bonds strong. Government pressure on the Bank of Japan not to change policy will put upward pressure on debt.
Tsutomu Kawasaki
Deteriorating market sentiment for the U.S. economy and yesterday's less-than-ringing endorsement of the strong dollar policy by Treasury Secretary Paul O'Neill fueled the dollar's latest losses.
Alex Beuzelin
Deteriorating market sentiment for the U.S. economy and yesterday's less-than-ringing endorsement of the strong dollar policy by Treasury Secretary Paul O'Neill fueled the dollar's latest losses,
Alex Beuzelin
There have been rumors in the currency trade that there maybe more changes and possibly [John] Snow may be replaced and that could lead to speculation that the administration may want to change the dollar policy, which I think is far-fetched.
Mike Malpede
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