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Treasury’s Yellen says US is committed to a market-determined exchange rate

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BONN – Treasury Secretary Janet Yellen said on Wednesday the United States would commit to a market-determined exchange rate, after being asked by reporters about the dollar’s recent strengthening.

Yellen told reporters ahead of a meeting of G7 finance ministers in Bonn, Germany, that tighter US monetary policy and risk aversion were factors favoring dollar strength.

(Reporting by David Lawder Writing by Rami Ayyub; editing by John Stonestreet)


This post Treasury’s Yellen says US is committed to a market-determined exchange rate was original published at “https://financialpost.com/pmn/business-pmn/treasurys-yellen-says-u-s-committed-to-market-determined-exchange-rate”

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