Friday, October 22, 2004


Dollar update

The AP reports that at close of trading the dollar was sagging—

Of the major currencies, only Tony Blair's pound dropped slightly against the dollar.

As widely traded currencies broke loose of ranges that had bound them since the spring, many banks downgraded their outlooks for the dollar during the week, including UBS, BNP Paribas, Barclays, Bank of America and CSFB.

Previous posts:
Something you should know about your dollars
More comment on the dollar

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