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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (7147)8/15/2001 2:23:04 AM
From: Ilaine  Read Replies (1) | Respond to of 74559
 
Oo-oo, this is important - >>Dollar tumbles after IMF warning
BY LEA PATERSON, ECONOMICS EDITOR
FEARS of a slump in the dollar were reignited yesterday by a
strongly worded warning from the International Monetary Fund
(IMF) that sent the US currency tumbling on the foreign
exchanges.

The dollar dropped to its lowest level in almost four months
against the euro, and also lost ground against the yen and the
pound, after the IMF said that America’s ballooning current
account deficit had put the currency at serious risk. <<

thetimes.co.uk