Strong Dollar good for America – US Treasury Secretary Jack Lew

FXStreet (Mumbai) - US Treasury Secretary Jack Lew said today that the strong US dollar is good for America and that the relative strength in the US economy is driving the currency markets.

In an interview with CNBC at Davos, Switzerland, Mr. Lew said, “The strong dollar, as all of my predecessors have joined me in saying, is a good thing. It's good for America.” He further added, “If it's the result of a strong economy, it's good for the U.S. It's good for the world."

On the impact of relative strength in the US economy, he said, “Other parts of the globe are not doing as well. That leads to some movement in currencies.”