Obama Says U.S. Must Address Currency Rates
February5,2010
Reuters
By Jeff Mason
President Barack Obama said on Wednesday China and Asia would be a huge market for U.S. exports going forward but it would be important to address currency rates to ensure American goods were not facing a disadvantage.
Currencies | Bonds
“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.”
