TITLE

The Meaning of a Dropping Dollar

AUTHOR(S)
Elliott, Michael
PUB. DATE
November 2004
SOURCE
Time;11/29/2004, Vol. 164 Issue 22, p53
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Examines the decline in the value of the U.S. dollar. Drop of 24% against the euro since 2003 and 15% against the Japanese yen. Historical impact of currency fluctuations and examples; Why most of the U.S. citizens are unaware of the decline so far; Chinese currency which is tied to the dollar and how that keeps Chinese imports cheap in American stores which adds to the massive trade deficit with Bejing; Administration efforts to get the Chinese to increase the value of their currency: Resistance from China; The one way the falling dollar has really changed the world today.
ACCESSION #
15140606

 

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