Dollar dives deeper


While the dollar has managed to recoup some of its recent losses, the negatives still outweigh the positives, says David Mozina (right), director of global FX & FI research, Bank of America in New York

For the past few years, the US has been able to sustain a growing current account deficit, withstand unfavourable interest rate differentials and pretend that, just maybe, what we were seeing in the equity markets was not a technology bubble, but a paradigm shift called the New Economy

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