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Sunday, December 16, 2007

What a Weak Dollar Means for U.S. Shoppers

FROM SMART MONEY

If there's good news, it's that the dollar's recent decline represents a relatively small slide in a six-year plunge, which has seen its value decline by about 30% against the Fed's trade-weighted index of major world currencies. "The dollar has been weakening against the major currencies for several years, so the bulk of price changes have already taken place," says Tony Gao, assistant professor of marketing at Northeastern University. "The question is really how much further."

If you'd like to read the entire article, please visit: http://www.paradigmshiftpr.com/whataweak.htm

Posted by Paradigm Communications at 11:56 PM

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