Geithner says strong dollar plays global stability role

Thu Nov 12, 2009 8:57am GMT
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SINGAPORE, Nov 12 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Thursday a strong dollar was important for global stability and Asia was leading the global economic recovery.

"We are seeing Asia lead the world back to recovery," he told a news conference at the end of the Asia Pacific Economic Cooperation forum ministerial meeting.

A strong dollar was important for the United States, which also recognizes the important role the currency plays in global economic stability, he said.

(Reporting by Saeed Azhar; Editing by Bill Tarrant)

 
 
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