Yellen Says US Dollar Strength ‘Logical Outcome’ of Policy Stances

From bnnbloomberg.ca

US Treasury Secretary Janet Yellen said the strength of the dollar is the “logical outcome” of different monetary policy stances globally and that its value should be set by the market. “A market determined value of the dollar is in America’s interest,” Yellen said Tuesday in an interview with CNBC, when asked about the possibility that authorities might need to intervene to curb its rise. “The currency movements are a logical outcome of different policy stances.” Responding to criticism that the dollar’s surge threatens emerging economies, Yellen said that the greenback’s strength reflects ... (full story)