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Where Is the Dollar Headed?
The world of economics seems nervous with thoughts concerning the impact of the rising dollar on next year's economy, yet the consensus opinion looks for logical economic growth of 3 per cent in 2004. On the other hand, everyone has noted the dramatic and time compressed rise in our currency over the past year. Acknowledged that interest rates, both short - and long-term, have stayed relatively flat over that time, there has been a one-for-one tightening of monetary conditions from the dollar's rise.
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