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Not the end of the world

30 April 2007 By Edward Hadas

Traders attribute the currency s slide against the euro to a slowing economy. Higher inflation and the big trade deficit don t help. But it could be much worse. The major US trading partners are still willing to buy US assets. That should keep the dollar s fall moderate. The currency hit an alltime low of $1.37 against the euro. Blame the slowing economy, higher inflation and a still big trade deficit. But as long as the major US trading partners are still willing to buy US assets, the pace of decline is likely to stay moderate.

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