the US currency has started to strengthen - with the markets talking about a "turning point". On Wednesday, the dollar reached a six-week high against the European single currency, closing in on $1.53 - an improvement of more than 5 cents.
freefall? That would plunge America beyond recession and into depression -
But the situation is by no means stable. One reason is that the US has got by far the better end of the deal.
Would you like to comment?
Join Diigo for a free account, or sign in if you are already a member.