It's Not Easy Being a Greenback

The Greenback is acting more like a hunchback these days, slumping ever lower last week as it pushed the euro to a fresh three-year high of $1.067. Nervous about an Iraq war and hedging their bets against the struggling U.S. stock market and economy, even normally bullish strategists at Citibank and ABN AMRO are losing faith, saying the dollar may fall to $1.09 against the euro in coming months. To Europeans that may sound great: after all, it makes American goods cheaper, and who couldn't use a shopping run to New York City? But the euro's super-power could carry its...

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