U.S. economic growth exceeding the rest of the world is offsetting lack of action from lawmakers in bolstering demand for dollar-denominated assets, said Robert Sinche, global head of foreign-exchange strategy at Royal Bank of Scotland Group Plc.

“The U.S. still has growth and relative to the rest of the world that is attractive,” said Stamford, Connecticut-based Sinche in a Bloomberg Television interview on “Bloomberg Surveillance” with Tom Keene, Sara Eisen and Scarlet Fu. “If you have a zero-discount factor or zero-interest-rate alternatives around the world, then any kind of growth remains constructive.”

A Commerce Department report this week may show that the U.S. economy grew at a 1.4 percent annual rate in the second quarter after a 1.9 percent pace during the first three months of the year. That compared with to contractions of 0.5 percent in the eurozone and 0.3 percent in the U.K.

Demand for refuge from Europe’s financial crisis pushed interest rates on debt in the U.S., U.K., Canada, France, Germany and the Netherlands to record lows during the past week. Germany sold two-year notes for a negative yield for the first time July 18. Treasury 10-year note rallied, pushing yields to a record low 1.4 percent today.

“It’s amazing that we’re talking about all these major monetary actions, yet we have this fiscal dilemma facing us all throughout Europe, major fiscal policy issues in the U.S. and all the politicians want to talk about is whether we can tweak interest rates a little bit,” Sinche said.

Representatives from the so-called troika of the International Monetary Fund, the European Commission and the European Central Bank are due to visit Greece Tuesday to assess the country’s progress in implementing its adjustment program.

The euro reached a two-year low against the dollar and an 11-year low versus the yen in New York trading Monday. The currency was at $1.2120 and 95.08 per yen.