	treasury s baker says u s backs stability treasury secretary james baker said the united states and the five other industrialized nations signing the recent paris accord remain committed to fostering the exchange rate at around current levels but he declined to comment on what he believed to be an appropriate level of the dollar in world markets i m not going to comment on that because invariably the exchange markets read either more or less into my remarks than i might intend he said in response to a question from the house appropriations committee baker said the six nations participating in the paris meeting in february had acknowledged that the currencies are within ranges that are broadly consistent with the economic fundamentals and we and the others as well remain prepared to cooperate closely to foster stability in exchange rates around those levels reuter 
