Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: James F. Hopkins who wrote (40167)	10/25/2003 4:57:01 PM
From: Haim R. Branisteanu	Read Replies (3) of 74559

Flagging dollar fuels fears of halt to world recovery By Gary Duncan, Economics Correspondent THE dollar lurched downwards yesterday, tumbling to its lowest level for more than six years with losses that fuelled fears that a rout of the US currency could derail world recovery. Although the dollar later clawed back lost ground, the latest assault on its value — which drove it to a five-year low against the pound — saw strategists give warning that it is vulnerable to renewed attack and likely to succumb to deeper losses. The sharp rise in the yen triggered by the dollar’s plight also provoked the worst fall in Japanese shares since the September 11 attacks. timesonline.co.uk

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