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November 17, 2004

All Business -- Dollar's drop raises some big concerns

  • A continual decline could set off a vicious cycle of events.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — The recent bounce in the stock market and the weakening of oil prices may be grabbing attention from another story that could put U.S. financial markets and the economy in jeopardy: the steep fall of the dollar.

    The dollar has been struggling for almost two years, but in recent weeks its slump has been exaggerated, dropping against most major currencies and tumbling to a record low against the euro.


     
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