Competitive Devaluation of the U.S. Dollar on the Way?

The U.S. dollar has moved to multi-week lows vs. the euro (top chart) and is challenging longer-term lows vs. the yen (middle chart) ... that there have been times when exchange rate policy has been an effective weapon against deflation ... accustomed policy rate has been forced down to zero has most definitely not run out of ammunition [more...]

Date: 2008-12-11 13:21:00

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