WASHINGTON (AFP) - US President George W. Bush's administration was conspicuously silent even as Europe agonizes over the plummeting dollar, a policy analysts described as "benign neglect."
"Euroland policymakers are sounding the alarm bells," said Merrill Lynch chief North American economist David Rosenberg, as the euro hit a record high 1.2987 dollars in early trading.
The dollar had plunged 36 percent from the high of four years ago, and was dropping "like a stone" since the Bush's re-election, which stoked worries about the US trade and budget deficit, Rosenberg said.
"Euroland policymakers are sounding the alarm bells," said Merrill Lynch chief North American economist David Rosenberg, as the euro hit a record high 1.2987 dollars in early trading.
The dollar had plunged 36 percent from the high of four years ago, and was dropping "like a stone" since the Bush's re-election, which stoked worries about the US trade and budget deficit, Rosenberg said.
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