Dollar continues posting lossesNEW YORK (CNNMoney.com) -- The dollar weakened against major currencies Thursday as the pound got a lift from the Bank of England's rate cut and investors considered bleak economic news from Europe. The Bank of England lowered its key interest rate by
U.S. Debt: How Is it Affecting the Dollar?The non-partisan Congressional Budget Office estimates that the U.S. fiscal deficit will come in at $1.2-trillion in 2009. That makes 2008?s nominal deficit record of $455-billion look like chump change. At approximately 8.3% of GDP, the forecasted
Government Panic Could Herald Dollar PanicOne of the few things more troubling for an economy than government intervention is government intervention driven by panic. Time and again, history has shown that when governments rush to engineer solutions to pressing problems, unintended difficulties
