News. Oct. 12 (Bloomberg) -- Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades.
My view. The other reason, which is probably as important, is that investors are finding the USA unfriendly to investments.
My point is, and will always be, that a weak dollar is bad news for our country.
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George Dagnino, PhD
Editor, since 1977
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