Don't bet your bottom dollar
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Many analysts base their dollar expectations on the US current account. They're barking up the wrong tree, says David Gilmore (right), partner at FX Analytics in Essex, Connecticut
Federal Reserve chairman Alan Greenspan spoke this week about the risks associated with running a large current account deficit, and in rare form showed he is no oracle at all. Indeed his views are his views and not necessarily the wisest to be found.
How many times has Greenspan, European central bankers and more than
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