WASHINGTON -- The United States favors a stronger dollar as a means of boosting financial markets and helping sustain growth in the world economy, the Treasury Department said yesterday.

Lawrence Summers, the Treasury's undersecretary for international affairs, delivered the message in support of the dollar in testimony to a Senate Banking subcommittee. "The administration believes that a strengthening of the dollar against the yen and mark would have important economic benefits for the United States," he said.

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