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« Microsoft attacks Linux in the developing world | Main | Google Scholar »

November 18, 2004


Dollar continues record losses

From the BBC:

Dollar continues record declines

The dollar has continued its record-breaking slide against many of the world's major currencies, with analysts predicting it could fall further.

Comments by the US administration that it favours a strong dollar failed to stem losses as analysts say little is being done to match words with actions.

They point out that a weaker dollar can help drive export demand, as well as narrow the current account deficit.

Also, higher Asian interest rates are likely to lure investors from the US.

...

At the heart of the dollar's problems, however, are imbalances in the US economy that analysts are less and less willing to ignore.

The budget deficit and current account deficit have ballooned to record levels.

It's a bitter sweet pill for us UK webmasters - our hosting charges in the US are getting cheaper everyday - but, then again, we're losing more and more on our AdSense cheques.


Posted by brian_turner at November 18, 2004 02:39 PM

| Discuss this in the Business, Marketing & Search forums

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