Treasury Secretary Geithner had the following positive comments on the USD during a CNBC interview, however the USD moved lower, particularly agains the Pound.
- US has an obligation to maintain the Dollar’s role.
- USD rose at the height of the financial crisis.
- Expects USD to stay the dominant currency.
Below you can see the GBP/USD gapping higher as it moves toward Septemeber levels, on speculation that the BOE will pause asset purchases.
