Oh, boy. Now we're getting somewhere, or maybe not.
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NEW YORK (AFP) - Newly minted US Treasury Secretary Henry Paulson said in his first public comments since assuming office last month that a "strong dollar" is in the United States' best interests.
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"I believe that a strong dollar is in our nation's interest and that currency values should be determined in open and competitive markets in response to underlying economic fundamentals," Paulson said, according to a transcript.
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The dollar has weakened in recent weeks due to mounting concerns about US economic growth and because some traders believe the Federal Reserve's rate-hiking cycle is near its peak.
Paulson also echoed former treasury secretary John Snow and senior US lawmakers in criticizing the Chinese government's currency regime in an interview with the CNBC business channel shortly before his speech.
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So whatsit gonna be, Benny B? This one is too close to call.