Press Room
 

FROM THE OFFICE OF PUBLIC AFFAIRS

March 4, 2003
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Statement by Treasury Department Spokesman Regarding Currency Policy

"We do not intend to comment on daily fluctuations in currency markets.  Secretary Snow made the Administration's position on the dollar very clear at his confirmation hearing.  He said that we have a consistent policy of favoring a strong dollar, and sound, pro-growth economic policies and a commitment to free and open markets are the foundation for a strong dollar.  The Secretary's position hasn't changed." – Tony Fratto, Treasury Department spokesman