Henry M. Paulson is "strongly committed to a strong dollar,"
A spokeswoman for Treasury Secretary Henry M. Paulson Jr. said he remains "strongly committed to a strong dollar," but the Bush administration has done nothing to prevent the currency's recent sharp drop against other major currencies.
The greenback at a record low near $1.50 to the euro in New York trading, the lowest level in 57 years against the Canadian dollar, and the lowest levels in a generation against the British pound and other currencies.
