Fiscal failings

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Brian Martin, head of FX strategy at Barclays Capital in London, says the reason for the dollar’s recent weakening may lie with US budgetary moves

Outside of developments such as foreign concern over US domestic and foreign policy settings and upward momentum behind the euro, it is difficult to pinpoint any single factor that has contributed to the dollar’s renewed slide over the past two weeks.

Domestic demand growth in the US is outstripping that in both Japan and Europe and, while equity

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