Worries over borrowing in recent years have seen the dollar weakening, despite US Treasury highlighting that the country has a strong dollar policy
Foreign investors will see 1) an additional unwanted tool of macro policy added to an already impressive array of non-orthodox policies; 2) another US policy debate that entirely centers on US domestic political convenience and ignores the interests of foreign investors; 3) confirmation that US policymakers favor policy options that will almost inevitably weaken the dollar, even while swearing up and down that they adhere to a strong dollar policy
and are simply targeting domestic objectives.
support Washington's strong dollar policy
, with Fujii stressing "a strong
The dollar rally against most other currencies was primarily attributed to comments from ECB President Trichet, who said that he supports a strong dollar policy
, said Kathy Lien, director of currency research at Global Forex Trading.
The US believes in a strong dollar policy
and believes that the strength of our economy will be reflected in the dollar," he said ahead of the Group of Eight (G8) nations summit in Toyko in northern Japan.
Bush also reiterated his administration's strong dollar policy
Of course, this assumes that the next President wants a strong dollar policy
The US administration says it "favors" a strong dollar policy
, but business associates nevertheless believe they will reap a bonanza from the stimulus that a weak dollar will give US exports.
Concerns that President Bush's administration was abandoning a strong dollar policy
contributed to the dollar's further 9% decline against the euro.
With this in mind, Bush pledged to maintain the strong dollar policy
The rise was fuelled by strong economic data from Germany, Europe's largest economy, and a softening of US Treasury Secretary John Snow's strong dollar policy
For a while this was a self-fulfilling prophecy, allowing the US to plug its budget deficit and preserve the strong dollar policy