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Obama Said to Tell G-7 Leaders Strong Dollar Poses a Problem

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President Barack Obama told fellow Group of Seven leaders that the strong dollar is a problem, according to a French official with knowledge of the talks.

Geopolitical risks including Greece create volatility on financial markets, affecting interest rates and currencies, the official told reporters at the G-7 summit in southern Germany on Monday. In that context, Obama said that the strong dollar posed a problem, according to the official, who asked not to be named because the discussions were private.