Saturday, May 13, 2006

U.S. Dollar takes a pounding over deficit


Here we go folks, just as we predicted, and this is only the beginning.

FT.com / World / International economy - US dollar takes a pounding over deficit:

"The US dollar suffered a severe sell-off on Friday, taking it to its weakest level against a trade-weighted basket of currencies since October 1997, as fears about the US current account deficit crossed world markets."

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