Dollar may drop if US c/a deficit remains: OECD
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Investors may move out of the dollar if  the U.S. current account deficit remains as high as it is at  the moment while Asian countries run a surplus, OECD Secretary  General Angel Gurria said on Monday,
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German Chancellor Gerhard Schroeder on Saturday labeled the US dollar&#39;s weakness against the euro &quot;worrying,&quot; but increasingly worried European leaders appeared unlikely to get help from the United States and Asia at a meeting of industrial and developing
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LONDON - The US dollar sank Friday in European trading after US Federal Reserve chairman Alan Greenspan warned of the dangers of America&#39;s growing trade deficit and the chance the imbalance could eventually depress foreign demand for the greenback.
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Traders expect the dollar's rebound to be short-lived because of persistent concerns about the United States' huge trade and budget deficits.
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NEW YORK, Nov. 28 -- The U.S. dollar fell to a 20-month low against the euro Tuesday, the latest development in a year-long currency readjustment that could make some imported goods more expensive, but could also help American workers by boosting exports.
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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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The dollar dipped against most major currencies on Wednesday after mixed data on U.S. durable goods orders and weaker-than-expected new home sales did little to brighten the U.S. economic outlook.
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OTTAWA (CP) - If the US dollar continues to fall amid lingering global weakness, Canada&#39;s economic growth could eventually be hurt, the central bank warned Tuesday as it kept its key policy interest rate stable.
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The world economy will likely see slower economic growth in the coming months because of a correction in the United States's balance of payments deficit, Italy's finance minister said in an interview published Monday.
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The dollar continues to fall against other leading currencies amid fears over threats to the US economy.
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The economic outlook for the United States and Japan weakened slightly in October, but prospects for the Eurozone improved slightly, according to an early warning indicator issued by OECD on Friday.
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OTTAWA (CP) - Sustained weakness in the US dollar will dampen American demand for Canadian products at the same time the global economy also appears to be slowing, Bank of Canada Governor David Dodge warned Wednesday.
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Former U.S. Federal Reserve Chairman  Alan Greenspan said on Monday he expected the dollar to stay  weak for the next few years and will continue to drift down,  weighed by the U.S. balance of payments deficit.
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LONDON -- Some of the world's major central bankers warned the United States that the international community could be running out of patience with the massive US budget and trade deficits that have pushed the dollar lower and increased the cost of their exports in America.
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The dollar dipped against most major  currencies on Wednesday after mixed data on U.S. durable goods  orders and weaker-than-expected new home sales did little to  brighten the U.S. economic outlook.
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Some strategists say the dollar has probably hit bottom and may even be on the rebound.
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The weak U.S. dollar and a huge trade deficit eventually may cause dire economic problems for the country, Federal Reserve Chairman Alan Greenspan warned Friday.