A 'strong' American currency is in the nation's interest, though the US economy is prone to swings like any other economy in the world, US Treasury Secretary Henry Paulson said today.
'As I said when I came out and talked on Friday, a strong dollar is very much in our nation's interest,' Paulson said, 'our economy, like any other, goes through ups and downs.'
The US economy's 'fundamental long-term strength is going to be reflected in the currency markets,' the Treasury chief told reporters aboard his Air Force jet en route to Cape Town, South Africa.
The greenback was higher Thursday but has been declining steadily against the world's major currencies.
Paulson is on the second day of six-day tour of Africa, where he is scheduled to attend the G20 meetings in Kleinmond, South Africa this weekend.
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