TIMESONLINE: President Bush issued a call for a rise in the value of the US dollar on currency markets yesterday in a signal of mounting official alarm in Washington about the effect of the slumping greenback on the world’s largest economy.
In an exclusive interview with The Times on the eve of the United States-European Union summit in Slovenia, Mr Bush expressed concern about the dollar’s continuing weakness and said that he favoured an appreciation in the US exchange rate.
“We want the dollar to strengthen,” he said on Air Force One as it crossed the Atlantic bound for the summit.
The President did not suggest that the United States was preparing to back its rhetoric on the dollar with any formal intervention in the exchange markets. He said that the “relative evaluations of economies will lead to that dollar strengthening”. President Bush Betrays Fears over Economy with Strong Dollar Call >>> By Gerard Baker and Tom Baldwin on board Air Force One | June 10, 2008
The Dawning of a New Dark Age (Paperback – USA)
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