SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: patron_anejo_por_favor who wrote (7263)2/7/2004 7:55:09 PM
From: mishedlo  Read Replies (1) of 110194
 
Snow: Flexibility doesn't contradict 'strong' dollar By Rachel Koning
[LMAO - Mish]
BOCA RATON, Fla. (CBS.MW) -- U.S. Treasury Secretary John Snow said the Group of Seven's reaffirmation of currency market flexibility does not contradict the Bush administration's support of a "strong" dollar. Urging flexibility is seen limiting the use of market intervention, which Japan and China have used with frequency. Without support from China and Japan, the U.S. currency could head lower. Snow, speaking at a press conference after the GG& statement was issued, repeated the administration's mantra that markets will set exchange rates and that he will not comment on specific currency values. Snow was asked if the statement's reference to certain countries or economic areas in the call for flexibility was targeted at China. He replied "I will let the statement speak for itself."

cbs.marketwatch.com{0B50752C-CACD-400A-A143-CFC988BDDE3C}&siteid=bigcharts&dist=bigcharts
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News