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Geithner: US won't weaken dollar to spur growth

Published 11/10/2010, 11:07 PM
Updated 11/10/2010, 11:12 PM

WASHINGTON, Nov 11 (Reuters) - The United States would never deliberately weaken its currency to grow its economy, U.S. Treasury Timothy Geithner said on Thursday.

"The U.S. will never do that," Geithner told CNBC in an interview in response to a suggestion by former Federal Reserve Chairman Alan Greenspan that Washington was pursuing a policy of weakening the dollar.

"We will never seek to weaken our currency as a tool to gain competitive advantage or to grow the economy." (Reporting by David Lawder; Editing by Alex Richardson)

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