WASHINGTON -- A group of top U.S. manufacturers said Wednesday said the dollar is still not weak enough for many companies.
The Coalition for a Sound Dollar -- a group representing more than 95 industry and agricultural associations and that's associated with the National Association of Manufacturers -- said the dollar is "still too strong."
"The orderly downward adjustment of the dollar in global markets makes sense for U.S. businesses and will help reduce the huge $600 billion U.S. trade deficit," said coalition spokesman Stephen Collins, who is head of the Automotive Trade Policy Council. "As the administration prepares to begin its new term, this is exactly the right time to make it unambiguously clear that currency values should be set in the global marketplace, free of government interventions."
