Summary
DESPITE paying lip-service to the concept of a "strong dollar", the administration of President George Bush in fact does not seem care too much whether the once-mighty greenback continues its slide.
After all, allowing the dollar to lose ground against other global currencies is a surefire way for Bush to address the problem of the US current account deficit, partly because it makes American exports more competitive on the world stage.See the full content of this document
Extract
The Dollar, the Deficit
Sometimes known as the trade deficit, the current account deficit stands at 6per cent of GDP - a record level which is twice that considered to be sustainable.
The deficit...See the full content of this document
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