U.S. Commerce secretary backs strong dollar

FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration

WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo on Monday rejected calls for a weakening of the dollar, saying a strong dollar was “good for America.”

“No, no,” Raimondo told CNN when asked if she would support a weakening of the dollar. “Obviously, Treasury Secretary (Janet) Yellen is the expert on this, but a strong dollar is good for America.”

(Reporting by Susan Heavey; Writing by Tim Ahmann)

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