John Major Quotes

As treasury secretary, I don't see it as my role commenting on the dollar in short-term movements.

Chances are the movements of the euro as against the dollar will be relatively moderate.

I am advocating a weak yen to a certain extent.

There's a lot of companies that profit from a weak dollar.

Turkey does not have an official exchange rate target.

Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency.

We believe in fair exchange rates and Japan doesn't practice that. They have massive U.S. dollar reserves, and they use them to intervene regularly.

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.

Our research led on to other things, such as the fact that exchange rates are not lognormally distributed.

After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.

I'm a strong-and-stable-dollar advocate, and the Fed has been moving dangerously away from that mission.

Exchange-rate stability is extremely important.

When financial sectors are small and capital is mobile, floating exchange rates spell massive currency volatility. When a lot of foreign capital flows in, a freely floating exchange rate rises sharply, wreaking havoc for domestic banks and exporters alike.

I will maintain the position that, long-term, a strong and dependable dollar is in the best interests of the United States while recognizing that, at times over the long-term, that may not be the case.

A flexible exchange rate is important, and it shouldn't be artificially restrained because of the needs of the economy.

The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.

We are still keeping, as much as we can to the one million commitment that we made, hoping that at a certain point in time, the headwinds represented by the strength of the yen will be a little bit less strong.

The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure.

If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it.

We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions... and we need to do it under tight control.

What there is no dispute about is whether or not China is a currency manipulator. They are a currency manipulator. They actively intervene every single day to keep the value of their currency less than it would be against the dollar than if it floated freely. We think. Even China barely disputes that.

All Nations endeavor to get the [foreign] Exchange as much as they can on their side.

Many of the worst crises occur when there is a financial collapse in a country with pegged exchange rates. Both successful and unsuccessful defenses of a pegged exchange rate require large expenditure of foreign exchange reserves that could be used for investment or consumption. Both also require strong deflationary measures that severely reduce income, wealth, and living standards.

Currency pegs force a common policy on countries…

Until the Fed dumps inflation targeting and the U.S. abandons its weak-dollar policy, inflation will rule the day.