WASHINGTON (AFP) - Nerves gripped investors worldwide after US Treasury Secretary John Snow appeared tacitly to abandon an eight-year policy of supporting a strong dollar. The perceived shift raised fears that further dollar declines would erode the value of foreigners' US investments, economists said. And while soothing concerns of deflation in the United States, it also ramped up those same fears in Europe, and complicated the long deflation battle in Japan, they said. "What the United States has made clear is that they are not going to undertake any efforts to try to defend the currency," said Citigroup global currency...
