1. Europe's Frustration Grows as Dollar Hits Another Low.
- Author
-
Landler, Mark
- Subjects
- *
U.S. dollar , *ECONOMIC policy , *FOREIGN exchange , *EURO , *INTERNATIONAL finance , *CENTRAL banking industry , *INTERNATIONAL economic relations , *NATIONAL currencies , *INTERNATIONAL trade , *DEFICIT financing , *BUDGET deficits , *INTERNATIONAL markets , *TWENTY-first century , *RENMINBI , *FINANCE ,UNITED States economic policy ,CHINESE economic policy ,UNITED States politics & government, 2001-2009 - Abstract
Focuses on warnings from Europe's financial policy makers about the dangers of a falling U.S. dollar, as it sank to a new low against the euro. Significance of the latest currency swing; Europe's frustration over the devaluation of the dollar, the world's leading currency; Views of European financial and political leaders, including German Chancellor Gerhard Schröder; Possible intervention by the European Central Bank; Skepticism of currency traders that the bank will intervene; China's reluctance to let its currency, the yuan, float against the dollar or other currencies; Issue of America's growing budget deficit and trade gap with Asia; Outlook.
- Published
- 2004