UPDATE 1-Bush reaffirms strong-dollar policy

(Adds further quotes, Jansa comments)

BRDO, Slovenia, June 10 (Reuters) - U.S. President George W. Bush reaffirmed on Tuesday his administration's strong-dollar policy and said the market would establish the value of the U.S. currency.

"We believe in a strong dollar and that the relative value of economies will end up setting the valuation of the dollar," Bush told a news conference after an EU-U.S. summit in Slovenia in response to a question.

Asked by a reporter what he thought of a Saudi proposal for an international summit on energy prices, he responded that he considered it an "interesting idea".

Slovenian Prime Minister Janez Jansa, whose country holds the rotating presidency of the EU, said he was "satisfied and happy" about the strength of the euro, noting its effect in slightly mitigating the rise in dollar-denominated oil prices.

"We wouldn't like to see a weak euro and a strong dollar," he added. (Writing by Mark John; Editing by Dale Hudson)