November 09, 2004

Dollar May Drop to Record Low

Nov. 8 (Bloomberg) -- The dollar may fall to its lowest ever against the euro for a second consecutive week after President George W. Bush signaled he will expand policies that produced record deficits and a 21 percent decline in the currency since he took office in 2001, according to a Bloomberg News survey. (STORY)

If there is a silver lining on the decline of the dollar it is that US goods and services will more affordable to foreign countries, which may decrease the trade deficit. The bad thing imported goods will be more expensive.

Posted by Crazy Eddie at November 9, 2004 12:00 AM