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Gold ETF sponsor sets sights on Asia for round-the-clock trading
Treasury Repeats that Strong Dollar is in U.S. Interest
From Reuters
Thursday, March 30, 2006
http://today.reuters.com/investing/financeArticle.aspx?
type=bondsNews&storyID=2006-03-
30T160150Z_01_WAT005179_RTRIDST_0_ECONOMY-DOLLAR-URGENT.XML
WASHINGTON -- A U.S. Treasury spokesman repeated on Thursday that a
strong dollar was in the U.S. interest and said that currency values
should be set in open markets.
"The administration's policy on the dollar is unchanged," Treasury
spokesman Tony Fratto said. "A strong dollar is in the national
interest. Currency values should be set in open, competitive markets."
Earlier, rumors that the White House might issue a statement on the
currency caused the dollar to fall in value against other major
currencies.
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