Janet Yellen to say U.S. does not seek weaker dollar, Wall Street Journal reports

(Reuters) - Janet Yellen, President-elect Joe Biden's pick to take over the U.S. Treasury, is expected to affirm the United States' commitment to market-determined foreign exchange rates when she testifies on Capitol Hill on Tuesday, the Wall Street Journal reported on Sunday

Reuters January 18, 2021 04:06:34 IST
Janet Yellen to say U.S. does not seek weaker dollar, Wall Street Journal reports

Janet Yellen to say US does not seek weaker dollar Wall Street Journal reports

(Reuters) - Janet Yellen, President-elect Joe Biden's pick to take over the U.S. Treasury, is expected to affirm the United States' commitment to market-determined foreign exchange rates when she testifies on Capitol Hill on Tuesday, the Wall Street Journal reported on Sunday.

The Treasury secretary nominee, at a Senate confirmation hearing, will make clear the United States does not seek a weaker dollar, the newspaper reported https://on.wsj.com/35NaV8W, citing Biden transition officials familiar with her preparation for the session.

(Reporting by Kanishka Singh in Bengaluru; editing by Jonathan Oatis)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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