IMF Chief Plays Down the Dollar’s ‘Short Term Variations’

The head of the International Monetary Fund downplayed the dollar’s decline over the past year, saying the US currency will probably retain its preeminent position.

“We should not get carried away by short term variations of the exchange rate,” the IMF Managing Director Kristalina Georgieva said in an interview on Monday with Bloomberg Television. “I don’t see a change in the role of the dollar anytime soon.”