Tuesday, September 25, 2007

More Falling Dollar news.

Dollar Falls to Record Low Against Euro as U.S. Growth Falters : The dollar fell to a record low against the euro and declined versus the yen on speculation economic reports will show U.S. growth is losing momentum, adding to pressure on the Federal Reserve to cut interest rates again.

How the falling dollar affects Americans: US consumers' standard of living may drop as they pay more for foreign goods, but demand for American labor will rise, say economists.

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