Yellen: US Will Respond Strongly to Any Currency Manipulation

Forex - U.S. Treasury Secretary Janet Yellen stated in a statement on Wednesday that the U.S. would "strongly respond" when countries attempt to manipulate their currencies for competitive advantage, but currently there is no such market intervention. In a live interview with Bloomberg TV, Yellen expressed that she does not see any threat to the dollar's status as the reserve currency, as there is no other currency that can rival its extensive use.