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Europe's Frustration Grows as Dollar Hits Another Low.

Authors :
Landler, Mark
Source :
New York Times. 12/8/2004, Vol. 154 Issue 53057, pW1-W7. 0p.
Publication Year :
2004

Abstract

Focuses on warnings from Europe's financial policy makers about the dangers of a falling U.S. dollar, as it sank to a new low against the euro. Significance of the latest currency swing; Europe's frustration over the devaluation of the dollar, the world's leading currency; Views of European financial and political leaders, including German Chancellor Gerhard Schröder; Possible intervention by the European Central Bank; Skepticism of currency traders that the bank will intervene; China's reluctance to let its currency, the yuan, float against the dollar or other currencies; Issue of America's growing budget deficit and trade gap with Asia; Outlook.

Details

Language :
English
ISSN :
03624331
Volume :
154
Issue :
53057
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
15278991