Forex dealers clear on US dollar policy

On Monday (May 12) US Treasury secretary John Snow told a US TV network that the weaker dollar was helping US exporters.

In an interview published last Tuesday (May 13), Snow told newswire Reuters that FX intervention should be "kept to a minimum" and later that day told the US House of Representatives that the dollar’s value should be decided by the market.

Those comments prompted talk that the US was abandoning the "strong dollar policy" conceived during the Clinton administration. But that