Can anything slow the Dollar's fall?

"Dollar denial," that state of willful blindness in which bankers and central bankers claim not to be worried about America's falling currency, seems to be ending.

Now even European Central Bank Governor Jean Claude Trichet has joined the chorus of concern.

When the euro was launched, the US dollar-euro ($:) exchange rate stood at $1.16/1. At that price, the dollar was undervalued by roughly 10 percent relative to its purchasing power parity (PPP). Initially, the dollar's price rose, but since 2002, it has, for the most part, fallen steadily. Every day seems to bring a new low against the euro.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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