Obama didn't say strong dollar was a problem – US official clarifies

FXStreet (Mumbai) - An US official immediately came to the rescue of the US dollar and clarified Obama’s comments citing ‘US dollar strength is a problem.’ As per Reuters' headlines, the US official clarified that ‘Obama didn't say strong dollar was a problem’.

The US dollar index, a virtual gauge of the greenback’s strength against its major peers, quickly recovered most losses and now trades at 96.31, bouncing off a brief dip below 96 barrier