Dollar Daze

Can Clinton do anything to stop its fall? Or will any attempt at a cure only make things worse?

The dive in the dollar had once been expected to dominate this week's summit meeting of the seven major industrial powers in Naples. But now Secretary of the Treasury Lloyd Bentsen insists there will be no "detailed discussion" -- and perhaps wisely. What, after all, could Bill Clinton say? That he is not to blame for the battering of the buck, sees little he can do about it, and is not sure he should even try? A plausible argument could be made for all those propositions, but it would not calm the currency markets.

Day after day the greenback has been...

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