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US's Geithner says must maintain strong dollar

Tue Nov 10, 2009 10:49pm EST

TOKYO, Nov 11 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Wednesday that he believes strongly in the need to maintain a strong dollar and said the United States was determined to get its budget deficit down.

Currencies  |  Bonds  |  Japan

"I believe deeply that its very important to the United States, to the economic health of the United States, that we maintain a strong dollar," Geithner said in a meeting with Japanese reporters at the U.S. embassy.

He said the United States was well aware it needed to work to keep investors' confidence in U.S. economic policymaking.

"We bear a special responsibility for trying to make sure that we are implementing policies in the United States that will sustain confidence...in investors around the world that as growth recovers and growth strengthens that we're going to bring our fiscal position back to a sustainable balance," he added. (Reporting by Glenn Somerville, editing by Edwina Gibbs;



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