Financial Accounting Blog

Monday, December 08, 2003

Dollar may face renewed pressure. This article claims that the value of the dollar falling against that of the Euro and Yen might actually be a good thing.
THE RECENT DECLINE in the U.S. currency, particularly against the euro and yen, has been long awaited by many economists, who say it could help to rebalance the global economy and reduce the large U.S. current account deficit. And though the slide has been quite rapid, it has also been relatively smooth, raising hopes that the transition to a lower dollar can be managed without disruption and volatility.