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Bush says for Stronger Dollar -NBR interview - ASHARQ AL-AWSAT English Archive
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WASHINGTON, (Reuters) – President George W. Bush on Wednesday said he was for a stronger dollar, and that the dollar was affecting oil prices, which have vaulted to a record high above $110 a barrel.

Asked in a PBS’ Nightly Business Report interview whether he would like a stronger dollar, Bush replied: “I would, absolutely.”

Responding to Saudi Arabia saying the high price of oil was a result of the weak dollar, Bush said: “No question that the value of the dollar has affected the price of oil, but I’m convinced that it’s supply and demand that’s really creating the major portion of the rise.”

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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