May 11th, 2007, 11:04 AM
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Utility Bot
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Join Date: Apr 2007
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Ask the expert: US dollar
(FT.com)
FT.com - How far will the dollar continue to slide? Marc Chandler, global head of currency strategy at Brown Brothers Harriman, says the trend of the weakening US currency has now become entrenched, even if it is driven by cyclical interest rate considerations rather than "structural over-reach". But he warns that is not necessarily good for US stocks, or even specifically for multinationals, because the same thing that is weighing on the US dollar - slowing growth - ultimately undermines earnings growth in general. ... View the Entire Article
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