Friday, April 27, 2007

The dollar's decline tracks U.S. fall from grace

(Reuters) - A stark reminder came on Friday when the weakening dollar slumped to a record low against its main rival, the euro, after the U.S. economy recorded its fourth consecutive quarter of below-trend growth.

The strength of the dollar is more than just a matter of bragging rights. Experts say the consequences of its long-term decline could have deep significance -- for average Americans and for the country's position as an unrivaled global power.


Read more at Reuters.com Bonds News

No comments: