Wednesday, February 03, 2010

Obama says US Must Address Currency Rates

According to, President Barack Obama told reporters yesterday that China and Asia would be a huge market for U.S. exports, but that his administration wants to address currency rates to ensure American goods were not facing a “disadvantage.”

"One of the challenges that we've got to address internationally is currency rates and how they match up to make sure that our ... goods are not artificially inflated in price and their goods are artificially deflated in price," Obama told senators from his Democratic party.

"That puts us at a huge competitive disadvantage."

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