Dollar drops: Good news and bad
Jack Crooks takes a detailed look at the Good and bad news of the US dollar dropping:
‘Many believe a lower dollar is the only plausible policy tool available to the United States if it’s to reduce its massive current account deficit. It is why, increasingly, analysts are calling for a coordinated effort on the part of central banks around the globe to push the dollar lower. But it’s not an easy task. Failure could spark protectionism, a dollar crisis, and a global financial crisis. And there’s still no clear proof that a lower dollar is the best solution.’
Read more of this article at Dollar drops: Good news and bad
Recent Entries
- Record number of savers look to stash cash in tax-free Isas
- Savings targeted by 43%
- Personal finance advertising lagging behind consumer internet drive
- £1 a week earns 14 years of freedom
- Third of Scots have no more than £100 put away
- Debit accounts can help youngsters learn lessons about money
- £130,000 - the cost of life as a pensioner
- UK set for strong mortgage revival
- Brits break personal finance pledge
- Bankruptcies in Scotland soar by 50%, but worst is still to come