Continuing our look at the weak US dollar we have a couple of articles from this week.
First up is US dollar weakness worries EU, which includes this tasty bit:
While the US Treasury continues to insist the Bush administration favours a strong dollar, foreign exchange markets assume Washington is happy with a weak currency as a means to bolster exports.
And second up is this Reuters piece on the ongoing travails. Here’s a little snippit from that:
However, dollar sentiment remained weak amid its twin deficits and mounting expectations that the world’s economic powers will do little to halt the greenback’s fall.
