Is the U.S. Dollar Weak?
Steve Poloz doesn't think so. He says:
But that means nothing. What are the fundamentals like? From where I sit, they don't look too good.
The U.S. dollar is not weak. It is well within its normal historical range given the condition of the world economy. Furthermore, emerging global conditions point to a stronger U.S. dollar, not a weaker one – not to mention a softer Canadian dollar, too.His reasoning is a little off. Basically it's that the US dollar is well within its historical range.
But that means nothing. What are the fundamentals like? From where I sit, they don't look too good.
Category: Economics, International Trade and Finance Posted on
Monday, May 22, 2006 at 12:25pm
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