The ghost of Bentsen

The current dollar cycle has echoes of the cycle in the early 1990s, which culminated in record lows against the (synthetic) euro and yen in 1995. The economic and policy backgrounds also parallel this period, and suggest that dollar weakness will continue in 2004. US treasury secretary Lloyd Bentsen presided over this earlier period of dollar weakness, and current US treasury secretary John Snow looks to be from the same mould.

The dollar is suffering a major hangover, making multi-year lows

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: