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Bangkok Post, Thailand, Nikhil B. Srinivasan Column.
By Nikhil B. Srinivasan, Bangkok Post, Thailand Knight Ridder/Tribune Business News
May 15--A WEAKER DOLLAR GOOD ALL ROUND IF COUNTRIES MAKE USE OF ITS OPPORTUNITIES: A reader recently e-mailed me, asking about the dollar and what its decline means for the global economy. The dollar has broken through its recent range against the euro and as I write is trading at $1.15. After potentially a short-term correction, I expect the greenback's weakening trend to continue.
The strength of the euro has much to do with not only falling interest in US assets but tight monetary conditions in Europe and substantial rise in inflows into European assets not only from Asian central banks but also from the Middle East and …
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- A weaker dollar good all round.
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