59161. International — Weak Dollar
- Publication Date:
- 05-2002
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- This week's piece is on the international implications of a weaker US dollar. Seventeen weeks of dollar weakness raise the questions of whether the dollar is on a sustained path of decline, and what the implications are internationally. The 6% nominal effective decline in the dollar since January 31 might be sustained due to US financial and macroeconomic factors. Overall, the effect would be positive for Europe and the United States, and might encourage domestic demand growth in export-oriented Asian economies.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United States and Europe