English
US Treasury Secretary The United States is committed to an exchange rate determined by the market
US Treasury Secretary Janet Yellen said on Wednesday, in response to questions about the dollar's recent rise, that the United States is committed to a market-determined exchange rate.
Yellen told reporters ahead of a meeting of the finance ministers of the Group of Seven major rich countries in Bonn, Germany, that the tightening of US monetary policy and the aversion of investors to risk are factors in the interest of the dollar, but the "best system" is to have an exchange rate determined by the market.
"The dollar is a global safe haven. We tend to see capital inflows that would naturally push the dollar higher in times of increased economic uncertainty...so I think the dollar's rise is understandable," she said.
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