Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (152)	6/7/2001 1:19:28 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Thursday June 7, 11:36 am Eastern Time US Treasury must clarify dollar policy - trade group WASHINGTON, June 7 (Reuters) - The U.S. Treasury Department must clarify its policy on the dollar to ensure that it is not endorsing a strong dollar regardless of fundamentals, a powerful trade group said in a letter released on Thursday. The letter to Treasury Secretary Paul O'Neill also said that the dollar policy should be backed by a commitment to cooperating in foreign exchange markets as appropriate. ``In our view, a clarification of Treasury policy is in order, to be certain that it is not seen as endorsing an ever strong dollar irrespective of the economic fundamentals,'' said the letter, which was written by Jerry Jasinowski, President of the National Association of Manufacturers, on behalf of U.S. trade groups. The manufacturers also called on the Treasury not to condone currency manipulation by trading partners seeking to make their exports more competitive. Earlier on Thursday, the Treasury department told Reuters that it stands by its strong dollar policy as Treasury Secretary O'Neill believes American businesses can be successful in spite of the strong dollar.