But it does not favor a cheaper dollar as an end in itself.
At the same time, however, the Bush administration is relying on a cheap dollar to correct the nation's trade imbalance.
In other cases, he said, business executives paid bribes to officials to win access to cheap dollars.
It will take more than a cheap dollar to open such a market.
"Fix your cost today, stretch, and pay it off with cheaper dollars."
And what about the down side of a cheap dollar?
The cheaper dollar has taken much longer than the countries expected to reduce the deficit, but today they noted signs of progress.
And while the cheap dollar helps keep that market open, industry experts say, there are other factors.
The cheaper dollar has made American goods attractive to foreign buyers.
The cheap dollar is also allowing some American companies to enter foreign markets for the first time.