Posted on 02/10/2004 6:15:14 AM PST by presidio9
Edited on 04/22/2004 11:51:04 PM PDT by Jim Robinson. [history]
Finance ministers of the G-7 who met in Boca Raton at the weekend at least didn't make the same mistake as their forebears did in 1987, when their Louvre Accord efforts to rig the foreign-exchange markets led to the October U.S. stock market crash. But they publicly (in their communique) worried about the same old thing, volatility in currency swings. Specifically, they were concerned about the downward slide of the U.S. dollar, which has lost one-third of its value relative to the euro in the last two years.
(Excerpt) Read more at online.wsj.com ...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.