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Latnik: dollar is artificially strengthened

According to U.S. Secretary of Commerce Howard Latnik, the dollar's exchange rate has been artificially strengthened for many years to restrict exports and make imports of foreign goods and services into the U.S. cheaper. Latnik noted that this is a policy aimed at manipulating economic conditions.

Context

Howard Latnik is the U.S. Secretary of Commerce.

Summary:

U.S. Commerce Secretary Howard Latnik said the dollar's exchange rate is being artificially strengthened to restrict exports and reduce the cost of imported goods and services.