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Politics : Welcome to Slider's Dugout

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From: wsw1	10/19/2007 3:37:27 AM
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But, if the dollar keeps declining, doesn't this mean that the odds are high of gold continuing its rally? Paulson, Lagarde, Divided on Dollar, Unite to Seek Higher Yuan bloomberg.com Paulson has little incentive to arrest the dollar's decline, because the cheaper currency has helped stoke record U.S. exports, cushioning the economy from the worst housing recession since 1991. ``The U.S. has no incentive to fight the current market trend,'' said Marco Annunziata, chief economist at UniCredit Markets & Investment Banking in London. ``Europe is likely to find itself isolated as well as divided.''

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