The Weakening Dollar
On September 25th, the euro hit a new high against the greenback, more than $1.41. And in the ultimate indignity, the Canadian dollar is now trading almost at par with the U.S. dollar.
The huge U.S. deficit and the Fed's rate cut on September 18 are weighing on the dollar, but it's not in free fall - just yet.
Against a broad, inflation-adjusted market basket of foreign monies, the U.S. dollar is still above the bottoms of 1994 and 1995.
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The huge U.S. deficit and the Fed's rate cut on September 18 are weighing on the dollar, but it's not in free fall - just yet.
Against a broad, inflation-adjusted market basket of foreign monies, the U.S. dollar is still above the bottoms of 1994 and 1995.
* * * * *
posted by Bob Moser at
3:49 PM
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