Wednesday, January 5, 2011
Geithner has been no further depreciation of the dollar implied.
<P> 10 21 in Tokyo foreign exchange market, as respondents by the U.S. Treasury secretary, hinted the "dollar devaluation has been no need to" effect, the yen fell sharply against the dollar crashed. .</ P> <P> According to "The Wall Street Journal" reported on October 20, Geithner said in an interview, "the exchange rate of major currencies is currently at a reasonable level," suggesting the euro and the yen in the existing .Based on the decline, the dollar has been no further depreciation. .Geithner also stressed that the U.S. has no intention to implement the policy of devaluation of the dollar. .</ P> <P> Tokyo foreign exchange market, the yen exchange rate on October 21 morning break 81 yen 1 U.S. dollar mark, and further close to the record high of 79.75 yen 1 U.S. dollar. .However, reports Geithner spoke out, the sharp depreciation of the yen, reaching 81.84 yen 1 U.S. dollar level. .</ P> <P> Geithner said in the interview, "the world is very necessary to agree on the criteria for exchange rate policy," adding that "currently no de facto standards of fairness." .</ P> <P> this weekend, the G20 finance ministers and central bank governors will hold a meeting in South Korea. .Geithner hinted in an interview, the exchange rate coordination between countries will take some time, "States are trying to clarify their respective interests, so this can not be resolved within two weeks, and required to undergo three to five years .test, "he said," I hope the country can attend the meeting to achieve exchange rate policy guidelines toward this goal further. "</ P>.
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