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Treasury Secretary nominee Janet Yellen says U.S. does not seek weaker dollar to gain advantage Updated: 2021-01-20 10:04:13 KST

U.S. Treasury nominee Janet Yellen says America does not seek to weaken the greenback to gain a competitive advantage.
At a Senate confirmation hearing Tuesday, Yellen said that, if confirmed as Treasury secretary, she will oppose attempts by other countries to pursue such a strategy.
It would mean a reversal from the Trump's administration call for a weaker U.S. dollar.
Yellen added that the Biden administration will be prepared to fight against China's unfair trade practices.
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