Published 2 years ago

U.S. Commits to Market-Determined Exchange Rates = Treasury Secretary Due to Recent Dollar Strength

Summary by Ground News

U.S. Treasury Secretary Janet Yellen has barely made any public comment on the dollar's exchange rate since she assumed office in January last year. But she may have to find her voice soon. She will meet other Group of Seven finance ministers and central bankers in Bonn this week against one of the most challenging global economic backdrops in decades.

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Reuters

U.S. Commits to Market-Determined Exchange Rates = Treasury Secretary Due to Recent Dollar Strength

[Bonn 18th Reuters] - US Treasury Secretary Yellen stated on the 18th that the United States is committed to the exchange rate determined by the market regarding the recent appreciation of the dollar. I responded to questions from reporters in Bonn during my visit to attend the meeting of finance ministers and central bank governors of the seven major countries (G7). Secretary Yellen emphasized that the exchange rate determined by the market is …

2 years ago·United Kingdom

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