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Dollar on the skids.

By Harington, Henry
Publication: The Banker
Date: Tuesday, November 1 1994

Analysts agree that the dollar is experiencing a slump. Evidence points to a structural decline in US currency which has apparently overpowered the cyclical benefits of an economic recovery. Among the factors which support the presence of such a long-term decline are expectations that demand for the dollar as a reserve currency will rapidly wane and a prolonged uncompetitiveness observed in the US economy.

The long-term uncompetitiveness of the US economy means the currency's problems may be more than temporary.

Even before US President Bill Clinton's expected clobbering

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