Geithner promises Brazil it won’t allow the US dollar to weaken

Friday, October 22nd 2010 - 03:07 UTC

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US Treasury Secretary Timothy Geithner told Brazil’s Finance Minister Guido Mantega that the Obama administration won’t allow the US dollar to weaken, Mantega said. Read full article

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Fido Dido
Don't believe Geithner, his friends and the FED were always for a strong dollar, but they trash it. Besides, a strong real is good for the Brazilians, just like what peter Schiff said on max keiser said..reform and cut spending..and you'lle become competitive...with a strong currency that is also good for your people, the savers and buyers. Mr Mantega is right..an “over” valued currency isn't good either, but you still need a strong currency.
Oct 22nd, 2010 - 06:44 am - Link - Report abuse 0
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