Quote:
Originally posted by Colin@May 26 2003, 05:13 AM
"The president once again noted that U.S. policy is to support a strong dollar," the official told reporters at a White House briefing on the meeting between the two leaders.
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I guess it depends, which currency it needs to be strong against. The biggest fall I have seen is against the Euro, while the Yen have been more modest. Donīt think its because the Yen and USD are strong at the moment, would rather say they are equally weak.
The panic might not happen on a global scale, but I bet there are alot of export business in Europe, which are getting ready to laying off % of its workforce, because of the low dollar value. But thats not a US problem, that something Europe have to deal with.
Last edited by Rolo at May 26 2003, 07:34 AM