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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.09

-13.6%

Jan 30 4:00 PM EST

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To: Enigma who wrote (10910)	4/29/1998 9:20:00 AM
From: Alex	Read Replies (2) of 116955

Dollar, euro can co-exist as reserve currencies-Rubin NEW YORK, April 28 (Reuters) - U.S. Treasury Secretary Robert Rubin said on Tuesday the dollar could successfully co-exist with Europe's planned single currency, the euro, even if it grows in popularity as a reserve currency. ''As long as people have confidence in our basic policy thrust and they have confidence in the economy, then I think the dollar will perform its functions in ways that are adventageous to us and I think we can co-exist with another growing reserve currency very well,'' Rubin told the Foreign Policy Associaton in response to a question. He added that if the formation of a single currency benefits Europe, that in turn would aid the U.S. economy. ''If it turns out it's good for Europe, then it's basically good for us,'' Rubin said. He also reiterated that a strong dollar has contributed substantially to U.S. economic performance over the past 5-1/2 years in terms of lower prices and interest rates.

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