Obama says US must address currency rates

Reuters
February 3, 2010

[efoods]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.

“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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