A Weak Dollar Is Bad? Guess Again.
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On the clear benefits of a dollar that won't spend.
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The value of the dollar fell sharply yesterday, as did the stock market, after the Chinese government signaled that it might slow its purchases of U.S. assets.
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The US dollar has continued its record-breaking slide and has tumbled to a new low against the euro. Investors are betting that the European Central Bank (ECB) will not do anything to weaken the euro, while the US is thought to favour a declining dollar.
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Stocks could face a challenge this week to bounce back from Friday's post-Thanksgiving drop unless there is some tempering of the dollar's weakness that sparked the sell off.
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The Bush administrationâs de facto weak-dollar policyâits preferred âcureâ for the American trade deficitâis not working.
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NEW YORK (Dow Jones)--After seven months of bumping around within a range, it appears as if the dollar may finally be on its way somewhere - down.
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The dollar suffered a renewed bout of selling after US Federal Reserve chairman Alan Greenspan hinted that another depreciation in the US currency might be necessary to reduce the current account deficit.
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The dollar fell to a new low Wednesday against the euro, which touched $1.3646 in thin year-end trading.
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ECONOMISTS may be fretting about the implications for the global economy of the near historically weak US dollar.
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Most economists agree that the dollar will continue its post-election decline, but there are at least three schools of thought on the nationÂs huge foreign indebtedness.
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Stocks could face a challenge this  week to bounce back from Friday's post-Thanksgiving drop unless  there is some tempering of the dollar's weakness that sparked  the sell off.
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The dollar fell to a fresh 20-month low against the euro on Monday, carrying over its weakness from late last week, when soft U.S. factory data reinforced expectations that the Federal Reserve will cut interest rates next year.
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With the dollar near its lowest rate ever against the euro, many Europeans are looking at the United States as a cheap place to flex their strong currency.
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The dollar suffered a renewed bout of selling after the US Federal Reserve's chairman Alan Greenspan hinted that a further depreciation in the US currency may be necessary to bring the US current account deficit down.
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You probably know that the dollar is plunging. That will make it expensive to travel overseas for the holidays or to buy something made in a foreign land.
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The U.S. dollar fell to an all-time low Wednesday against the euro, which touched $1.3646 in thin year-end trading.
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The dollar falls to yet another record low against the euro and slips  to its lowest rate against the pound since 1992.