Geithner supports US dollar
US Treasury Secretary Timothy Geithner pledged on Tuesday that the United States will pursue policies that preserve the dollar's value. He also sees a sign of confidence returning to the US financial sector as the economy is strengthening. Active issuance in corporate bonds, equity markets, and the banking system itself in the United States all show signs of more confidence.
The policies of the US are designed to condition a stronger currency for more stability in the international monetary system and among other major economies. Geithner believes that aggressive efforts to counter global financial crisis are starting to work and acknowledges that the United States has an important duty to inspire a recovery.
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