The dollar was on a roll just a few months ago, bounding higher against foreign currencies as investors sought a safe hiding place for their money amid a global downturn.
But now, many are rethinking their decision to buy American. The dollar skidded to its lowest point in five months this week, battered by creeping fears that Washington’s costly efforts to stimulate the economy are growing harder to finance...
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Friday, May 29, 2009
As Dollars Pile Up, Uneasy Traders Lower the Currency’s Value
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