Looking At The Falling Dollar

Embassy surveys economists, academics, and diplomats to determine how a weakened U.S. currency will affect the world

By Sarah McGregor, Peter Schneider

Published December 15, 2004

During his visit to Canada last month, President George W. Bush may have noticed his pocket change was worth far less than previous trips during summits in Quebec and Alberta.

That's because over the past few months the U.S. dollar has dropped dramatically relative to most of world's major currencies. At press time, the Canadian dollar was valued at nearly 81 cents U.S., slipping slightly in recent...

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