U.S. Commerce Sec Raimondo says she’s ‘not concerned’ about the strength of the dollar


Commerce Secretary Gina Raimondo said Monday that she’s not worried about the strength of the foreign exchange value of the U.S. dollar. “I am not concerned about the dollar being as strong as it is,” Raimondo said, during an interview on Bloomberg Television. Raimondo said she was more focused on easing supply-chain bottlenecks to ease inflation pressures. Raimondo said the “real” U.S. economy is “quite strong.” On Monday, the dollar DXY, +0.89% strengthened to its highest level since late 2002 against a basket of currencies and neared parity with the euro.

This article was originally published by Marketwatch.com. Read the original article here.

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