A JPMorgan economist sees more weakening for the dollar, which could result in higher prices: Beleaguered buck.

Publication: Newsday (Melville, NY)

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COPYRIGHT 2006 Newsday

Byline: James Bernstein

Nov. 29--The dollar has dropped about 5 percent in value against the euro since mid-October, hitting a 20-month low last Monday, while also declining nearly 4 percent against Japan's yen. Newsday spoke yesterday morning with Anthony Chan, chief economist for JPMorgan Private Client Services in Manhattan, about the causes of the dollar's decline, the significance for consumers and U.S. companies, and where the dollar is likely to go from here. Chan, an economist since 1986, worked at the Federal Reserve Bank of New York and taught economics at the University of Maryland, where he earned a doctorate in the...

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