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Politics : Stockman Scott's Political Debate Porch
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To: lurqer who wrote (37517)2/9/2004 1:51:42 PM
From: lurqer  Read Replies (1) of 89467
 
U.S.'s Snow says markets should set forex rates

U.S. Treasury Secretary John Snow said on Monday that global currency values should be set in competitive markets, but the possibility of intervening to affect values could never be ruled out.

Speaking to reporters after addressing a group of Cuban-Americans in Miami, Snow, repeating a frequent phrase on foreign exchange, said "a strong dollar was in the America's interest."

However, he also said foreign exchange "interventions should be kept to a minimum, but we never say never, either."

forbes.com

lurqer
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