• Most Popular
  • Most Shared

Geithner says strong dollar plays global stability role

Thu Nov 12, 2009 3:57am EST

SINGAPORE, Nov 12 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Thursday a strong dollar was important for global stability and Asia was leading the global economic recovery.

Currencies

"We are seeing Asia lead the world back to recovery," he told a news conference at the end of the Asia Pacific Economic Cooperation forum ministerial meeting.

A strong dollar was important for the United States, which also recognizes the important role the currency plays in global economic stability, he said.

(Reporting by Saeed Azhar; Editing by Bill Tarrant)
Currencies


More from Reuters

Photo

Democrats reach deal on health bill

WASHINGTON (Reuters) - Senate Democratic healthcare negotiators said they agreed on Tuesday to replace a government-run insurance option with a scaled-back non-profit plan and would seek cost estimates on the deal.

» More Top News
A pedestrian walks in lower Manhattan in New York, April 16, 2007. REUTERS/Eric Thayer
Analysis:

The boomer meltdown

The number of U.S. workers in their prime savings years peaks in 2010, affecting a key ratio that has impacted equities for 40 years. If history repeats itself, stocks are set for a funk.  Full Article 

Economy
Traders work on the main floor of the BM&F Bovespa stock exchange market in Sao Paulo October 10, 2008.REUTERS/Paulo Whitaker

Betting on emerging markets

There's still an upside in large-cap U.S. stocks, but BlackRock's Bob Doll says emerging markets have two things the developed world does not.  Full Article 

investment outlook summit