The Devil and the Dollar – Philip Bowring

From Sentinel:

The dollar fell 2% against the yen last week and is at a 19-month low against the euro and appears set to go lower. Several Asian currencies, even including the Philippine peso, are at their best levels since the Asian financial of 1997-1998.

Is this a blip? Or the start of a massive decline of the dollar against Asian currencies generally – to match or even exceed the dollar’s fall against the euro from a peak of 85 to the dollar to 1.31 today?

If so, what should be doing? [Full Text]

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