Measuring US dollar and prospects

REAL-LIFE PROBLEMS, INNOVATIVE SOLUTIONS

Background: Through the first nine months of this year, the greenback has continued to recover unevenly against most of the major currencies after its dismal performance between 2002 and 2004. Both the SEK and CHF were the worst-performing currencies in relation to the USD, with over double-digit percentage declines through September 2005. Similarly, the EUR, JPY, GBP and NZD have also weakened disproportionately against the greenback. Interestingly, only the CAD managed to chalk-up an

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